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And they're off. With the after-the-bell announcement of second-quarter earnings by



on Tuesday, the earnings season is officially in full swing. Biotech also got off the blocks with earnings from




But this is just the start. Tonight brings chip giant



. Over the next three weeks there will be a flood of earnings reports that

will be monitoring. We'll be on the lookout for stock-moving surprises as well as for signs of the macroeconomic times: Have

Alan Greenspan's

rate hikes started to put the brakes on an overheated U.S. economy? With the economy cooling and costs still rising, can companies still produce solid earnings growth?

Every day we'll help you keep score with stories from our markets team, our

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joint news room and from


correspondents covering everything from biotech to banking.

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


Earnings/revenue reports and previews

Abbott Laboratories

(ABT) - Get Abbott Laboratories Report

reported earnings of 44 cents a share, in line with the 17-analyst estimate and ahead of the year-ago 42 cents.

American Freightways


announced second-quarter earnings of 57 cents a share, ahead of the six-analyst 52 cents estimate and the year-ago earnings of 40 cents a share.

Biotech giant



posted second-quarter earnings 43 cents a share, a penny better than the 19-analyst estimate and up from the year-ago 28 cent-profit.

Investment management firm


(BLK) - Get BlackRock, Inc. Report

posted second-quarter earnings of 32 cents a share, in line with the seven-analyst estimate and above the year-ago 25 cents per share.

Centura Software


cautioned investors that its would report a second-quarter loss of about 11 cents a share, falling short of the single-analyst estimate of a penny profit. The company cited its computer client/server business for the weak results.

Consolidated Papers


posted second-quarter earnings of 36 cents a share, in line with the seven-analyst estimate and above the year-ago earnings of 36 cents a share.

El Paso Energy


reported second-quarter earnings of 69 cents a share, excluding merger-related charges, beating the 16-analyst estimate of 59 cents and up from the year-ago earnings of 40 cents a share, also excluding merger-related charges.

Focal Communications

(FCOM) - Get Fidelity MSCI Communication Services Index ETF Report

stated that it expects strong second quarter results with revenue of at least $53 million.

Mining company

Freeport-McMoran Copper & Gold

(FCX) - Get Freeport-McMoRan, Inc. Report

said it expects to report a second-quarter loss of about 12 cents a share due to lower-than-expected metal sales and a landslide cleanup in Indonesia. A 12-analyst estimate called for earnings of 1 cent a share, which is down from the year-ago earnings of 12 cents a share.



reported second-quarter earnings of 29 cents a share, beating the 13-analyst estimate of 27 cents and up from the year-ago of 22 cents.



warned its second-quarter earnings will miss analysts' expectations. The 11-analyst estimate on

First Call/Thomson Financial

calls for a loss of $2.92 a share, which is more than the year-ago loss of $2.81.



reported second-quarter earnings of 34 cents, beating a 24-analyst estimate of 33 cents and topping last year's 27-cent earnings.

MTI Technology


said it's expecting a first-quarter loss, instead of a profit. A four-analyst estimate for the company's quarter is currently 2 cents a share. The company's year-ago earnings were 9 cents.


(PNR) - Get Pentair plc Report

warned investors that it would report second-quarter earnings of roughly 75 cents a share, missing the seven-analyst estimate of a 90-cent profit. The tool manufacturer blamed the shortfall on the delays of cost initiative results. Pentair also expects to see fiscal 2000 earnings of $3.25, falling below the estimate of $3.66.

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

raised its annual dividend to $1.40 a common share from $1.28. Its quarterly dividend of 35 cents a share, up from 32 cents, will be payable Aug. 15.

Rite Aid

(RAD) - Get Rite Aid Corporation Report

posted a first-quarter loss of 92 cents, compared with a year-ago loss of 17 cents. Both figures include store closing, impairment and other charges. After an accounting investigation, the company restated its result for fiscal 1999 to a net loss of $1.64 per share, and for fiscal 2000 to a loss of $4.45 per share. First Call/Thomson Financial called for a 12-cent loss.



said it will report second-quarter earnings of 43 cents a share, which is in line with the 25-analyst estimate and up from the year-ago earnings of 37 cents.

E.W. Scripps

(SSP) - Get E. W. Scripps Company Class A Report

listed second-quarter earnings of 59 cents, beating the nine-analyst estimate of 57 cents and the year-ago 56 cents a share.

Silicon Graphics


expects a larger-than-expected loss for the fourth quarter. The 12-analyst estimate expected a loss of 8 cents a share.

Universal Access


reiterated its comfort with analysts' second-quarter expectations. The telecommunications company also announced an expansion strategy to deliver its services in Europe, Asia, and Latin America.



warned that its second-quarter earnings will miss analysts' estimates because of weakness in traditional voice services. The four-analyst estimate on First Call anticipates a loss of $2.72 a share.

Washington Federal


posted third-quarter earnings of 50 cents a diluted share, missing the eight-analyst estimate of 51 cents and falling from 52 cents last year.

Wolverine Tube


announced that it expects second-quarter earnings to modestly exceed Wall Street estimates of a 61 cents a share profit.

Motorola Meets Estimates as Earnings Nearly Double

Ariba Reports Narrower-Than-Expected Loss of 5 Cents a Share

Abbott Meets Estimates

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