On Tap Today: Lucent Tops the Earnings List

A slew of other major companies are set to report. Check them out, plus scheduled economic data and more, right here.
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Lucent

(LU)

is set to report first-quarter earnings after the close, with

First Call/Thomson Financial

expectations already lowered (to 37 cents a share) after the networking giant's Jan. 6 profit warning. (

TheStreet.com

covered the Lucent warning from end to end in a

special package of stories.)

Other notable drum majorettes in today's earnings parade include

General Motors

(GM) - Get Report

,

Gateway

(GTW)

,

Sun Microsystems

(SUNW) - Get Report

and

Sears

(S) - Get Report

.

Elsewhere, Wall Street will get a look at the ever-swelling trade deficit, but it remains a thin week for economic data.

Expected Earnings Reports

(

This table includes dates for 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.

)

* = possibly reporting

Economic Data

(

Forecasts are from

Reuters

Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.:International trade for November. Source: Commerce Department. Forecast: -$25.7 billion. Previous: -$25.94 billion.
  • 8:30 a.m.:Initial jobless claims for the week ended Jan. 15. Source: Labor Department. Forecast: 295,000. Previous: 309,000 (four-week average: 294,000).
  • 10 a.m.:Philadelphia Fed Index for January. Source: Philadelphia Fed. Forecast: 11.2. Previous: 8.6.

Conferences and Meetings

  • Banc of America Securities Business Services Conference, New York Palace Hotel, New York. Concludes tomorrow.