It's the third week of second-quarter earnings reports and the volume of news will begin to slow. But there are lots of important precincts still to be heard from. Today brought a strong report from

Merck

(MRK) - Get Report

, whose 73 cents per diluted share

beat expectations and helped lift other pharmaceutical shares.

American Express

(AXP) - Get Report

also beat street estimates, on

strong results in both credit cards and investment services.

But the

Nasdaq

is weak on the eve of earnings from

Compaq

(CPQ)

, which is poised to report after Tuesday's close. Investors are watching to see if slowing personal-computer sales will affect the boxmaking bellwether. Another big report scheduled Tuesday is from

AT&T

(T) - Get Report

, which is struggling to generate big returns from newer lines as sales growth in its core long-distance business decelerates and margins evaporate.

Meanwhile, the rest of the week could bring cheering news from some old-economy stalwarts. Oil producers

Texaco

(TX) - Get Report

,

Phillips Petroleum

(P)

and

Unocal

(UCL)

are due to report on Thursday.

TheStreet.com

is compiling all of its earnings news and analyses in one convenient location to make it easier for our readers to see where earnings are headed. We will update this section as soon as earnings reports arrive. To keep track of what's coming, we have a daily earnings

preview as well as a weekly earnings

calendar.

Earnings/Revenue Reports and Previews

American Express

(AXP) - Get Report

was down 2 3/16 to 57 1/16 after it announced second-quarter earnings of 54 cents a share, ahead of the 16-analyst 53-cent estimate and the year-ago 47-cent profit. The financial services company said second-quarter profits rose 15%, thanks to revenues from managing money for investors and increased consumer spending on its cards.

DaimlerChrysler

(DCX)

was down 1 1/2 to 53 9/16 after saying it would issue a financial performance warning for the second half of the year when it releases its second-quarter earnings this week, reported

The Wall Street Journal

. The auto-maker has faced problems in its U.S. operations, shelling out more than expected to attract Americans to Chrysler, Dodge and Jeep automobiles. Daimler agrees with the second-quarter six-analyst estimate of $1.52 a share, but is less comfortable with second-half expectations.

FTD.com

(EFTD)

said it would assume a noncash fourth-quarter $4.4 million charge as a result of development work on its Web site. President and CEO Michael Soenen said the charge would not interfere with the company's plan to be profitable by the fourth quarter of 2001. The stock tumbled down 15%, or 3/8, to 2 1/8.

Lands' End

(LE) - Get Report

warned investors that its second-quarter earnings would be down about 50% with flat sales. The catalog retailer sliced its fiscal 2001 sales outlook for the second time in two months to less than 6% and said it expects to post full-year earnings below the 11-analyst estimate of $1.90. Lands' End took another hit, falling 8 3/16, or 20.4%, to 31 15/16.

OGE Energy

(OGE) - Get Report

reported second-quarter earnings of 41 cents a share, missing the four-analyst estimate of 50 cents and down from year-ago earnings of 49 cents. The company attributed the decline in earnings to increased operating expenses at its OG&E unit. OGE slid 11 1/6 to 18 15/16.

E-commerce company

Priceline.com

(PCLN)

posted a second-quarter loss of 1 cent a share, beating the 19-analyst negative 3-cent estimate and the year-ago 10-cent loss. Additionally, the company said it was comfortable with analysts' forecasts that it would achieve profitability by the end of this year. Despite the positive reports, Priceline got smacked down 8 15/16, or 22.3%, to 31 1/18.

The CEO of

Smithfield Foods

(SFD)

said today the pork producer expects to report a fivefold increase in fiscal first-quarter earnings this year over last year. The

First Call/Thomson Financial

five-broker consensus is for 65 cents a share for the fiscal quarter ending July 30. It edged up 1/2 to 27 15/16.

Wisconsin Central

(WCLX)

was 1/8 lower to 12 3/8 after it said it's expecting second-quarter earnings in line with the eight-analyst estimate of 31 cents a share and down from year-ago earnings of 37 cents. The earnings expectation includes the effect of adjustments made by

English Welsh & Scottish Railway Holdings

, which will reduce Wisconsin Central's equity in second-quarter net income from English Welsh by about $8 million.

ZDNet

(ZDZ)

said it expects second-quarter earnings of 7 cents a share, beating the seven-analyst estimate by a penny, and up from year-ago earnings of 5 cents a share. Last week, the company agreed to be bought by

CNET

(CNET) - Get Report

. ZDNet was up 5/16 to 17 5/8 and CNET was up 5/16 to 31 1/8.

Monday's Earnings

Update: Texas Instruments Reports 37% Jump in Earnings

FreeMarkets Beats Analysts' Forecasts, Sees Big Revenue Jump

Update: American Express Tops Estimates by a Penny

Higher Prices, Strong Demand Boost Energy Firms' Results

Update: priceline.com Posts Smaller-Than-Expected Loss of a Penny a Share

Merck Tops Estimates by 4 Cents

July 21 Earnings

July 20 Earnings

July 19 Earnings

July 18 Earnings

July 17 Earnings

July 14 Earnings

July 13 Earnings

July 12 Earnings