The profit parade continues today, albeit at a slower pace, as a jam-packed week on Wall Street draws to a close.
Among today's companies in the spotlight is
. Earlier this week, the photo giant stated that it expects to meet consensus estimates, but Wall Street raised concerns about Kodak's bigger picture.
Salomon Smith Barney
lowered its rating on the company to outperform from buy. Solly said it didn't see Kodak's second-quarter earnings suffering, but that possible drops in film pricing could hurt earnings in the second half of this year and early 2001.
Also today, market watchers will take note of the
). And investors will keep an ear out for the companies, listed below, that come off their quiet periods.
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 2 p.m.:
Federal budget for June (FY '00). Source:
Treasury Department. Forecast: $53.47 billion. Previous: $53.568 billion (June FY '99).
IPO Quiet Periods Expiring
Ben Holmes, who heads
ipoPros.com subsidiary, keeps a close eye on quiet-period expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject. The full current quiet-period expirations list is published separately.
Quiet Period End
Morgan Stanley Dean Witter
Donaldson Lufkin & Jenrette
Marvell Technology Group