Stocks to Watch: Comcast, Time Warner (Update 1)

NEW YORK -- Comcast ( CMCSA), the cable giant, reported first-quarter earnings Wednesday of $1.2 billion, or 45 cents a share, up from year-earlier earnings of $943 million, or 34 cents.

Analysts expected Comcast to report earnings of 42 cents a share on revenue of $14.44 billion.

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Media company Time Warner ( TWX) reported Wednesday first-quarter earnings of $583 million, or 59 cents a share, down from year-earlier earnings of $653 million, or 59 cents.

First-quarter adjusted earnings were 67 cents a share.

Analysts, on average, anticipated earnings of 64 cents a share in the first quarter.

Time Warner also reaffirmed its full-year 2012 guidance on Wednesday of low-double-digit growth off its $2.89 adjusted earnings per share base.

Shares of Time Warner ticked down 7 cents, or 0.18%, in premarket trading Wednesday to $37.85.

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Credit card giants MasterCard ( MA) and Visa ( V) both report first-quarter earnings on Wednesday.

Analysts expect MasterCard to post earnings of $5.29 a share, up from $4.29 a share a year earlier.

Shares of MasterCard rose $4.10, or 0.9%, in premarket trading Wednesday to $460.00.

Visa is expected by Wall Street analysts to post first-quarter earnings of $1.50 a share, up from $1.23 a share in the year-earlier period.

Visa shares ticked up 51 cents, or 0.41%, to $123.60 in premarket trading Wednesday.

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Whole Foods Markets ( WFM), the operator of natural and organic food supermarkets, is expected to post a profit of 59 cents a share in its fiscal second quarter on revenue of $2.67 billion.

Whole Foods reports after Wednesday's closing bell.


UBS ( UBS), Switzerland's biggest bank, said first-quarter profit fell 54%, largely due to a big accounting charge on its debt and difficult market conditions.

Revenue fell 22% to 6.53 billion francs.

Shares of UBS rose 2.6% in premarket trading Wednesday to $13.00.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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