Stocks to Watch: Home Depot, Groupon

NEW YORK -- Home Depot ( HD) reports earnings before Tuesday's opening bell and analysts expect the home-improvement retailer to post profit for the July-ended quarter of 97 cents a share on revenue of $20.74 billion.

A year earlier, Home Depot earned 86 cents a share on revenue of $20.23 billion.

Shares of the Dow component are up more than 25% so far in 2012.

Groupon ( GRPN), the daily deals site, beat analysts' quarterly estimates on the bottom line but revenue came in light.

Groupon posted second-quarter non-GAAP earnings Monday of $53.8 million, or 8 cents a share, on revenue of $568.3 million. Analysts were calling for a profit of 3 cents a share in the quarter on revenue of $573.1 million.

Groupon sees revenue ranging from $580 million to $620 million in the third quarter. Analysts forecast revenue of $604.5 million.

Gross billings declined on a sequential basis, falling to $1.29 billion in the second quarter from $1.35 billion in the first quarter.

Groupon Plunges on Revenue Miss

Retailer TJX ( TJX) is expected by analysts Tuesday to report second-quarter earnings of 55 cents a share on sales of $6 billion.

Dick's Sporting Goods ( DKS), the sporting goods retailer, is expected to post second-quarter profit of 64 cents a share on sales of $1.44 billion.

Google ( GOOG) is acquiring the Frommer's travel-guide business from John Wiley & Sons ( JWB).

Google paid around $25 million for Frommer's, according to a person briefed on the deal, which hasn't yet closed, The Wall Street Journal reported.

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-- Written by Joseph Woelfel

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