Stocks to Watch: HSBC, Transocean, Arena

NEW YORK -- HSBC ( HBC) said Monday that full-year net profit fell by 17% in 2012 as it paid almost $2 billion in fines to settle a money-laundering case brought by U.S. officials.

HSBC said 2012 pretax "underlying profit," which doesn't take into account charges, was $16.4 billion, up 18% from a year earlier.

Europe's largest bank lifted its dividend payout by 10% for the full year.

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Tech Data ( TECD) is expected by analysts Monday to report earnings of $1.76 a share in the fourth quarter on revenue of $7.22 billion.

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Rig owner Transocean ( RIG) swung to a profit in the fourth quarter as revenue at the Swiss company rose 9% to $2.33 billion.

Adjusted profit, excluding items, was 91 cents a share in the fourth quarter.

Analysts were expecting earnings of 82 cents a share on revenue of $2.36 billion.


Arena Pharmaceuticals ( ARNA) is expected by analysts Monday to post a quarterly loss of 3 cents a share on revenue of $21.9 million.


A federal judge ruled that jurors miscalculated nearly half the $1 billion in damages it found Samsung owed Apple ( AAPL) for patent infringement.

U.S. District Judge Lucy Koh wiped out $450 million from the verdict and ordered a new trial to reconsider damages related to 14 Samsung products jurors in August found were using Apple's technology without permission, The Associated Press reported. Koh said jurors had not properly followed her instruction in calculating some of the damages.

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Stratasys ( SSYS) is expected by Wall Street Monday to post fourth-quarter earnings of 38 cents a share on revenue of $52.8 million.


-- Written by Joseph Woelfel

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