Stocks to Watch: Oracle, FedEx, General Mills

NEW YORK -- Oracle ( ORCL), which reports earnings after Wednesday's closing bell, is expected by analysts to post fiscal third-quarter adjusted earnings of 66 cents a share.

Revenue for the maker of business software is forecast to come in at $9.38 billion in the quarter, which ended in February.

In the same period last year, Oracle posted adjusted earnings of 62 cents a share on revenue of $9.04 billion.

Misunderstood Oracle May Pleasantly Surprise Investors

Shipping giant FedEx ( FDX) is expected by Wall Street on Wednesday to report fiscal third-quarter earnings of $1.39 a share on revenue of $10.85 billion, up 3% from a year earlier.

FedEx earned $1.55 a share in the same quarter last year.

FedEx Earnings Could Be 'Lackluster,' Says Analyst

Homebuilder Lennar ( LEN) is forecast to report fiscal first-quarter earnings of 15 cents a share on revenue of $898.4 million.

Wall Street expect Cheerios maker General Mills ( GIS) to report fiscal third-quarter profit on Wednesday of 57 cents a share on revenue of $4.36 billion.

Adobe Systems' ( ADBE) fiscal first-quarter results, released on Tuesday, topped analysts' expectations.

Adobe posted earnings of 35 cents a share, excluding items, on revenue of $1.01 billion. Analysts were looking for net income of 31 cents share on sales of $985.2 million.

Adobe Jumps As Quarterly Profit Beat Estimates

Analysts predict Jabil Circuit ( JBL) on Wednesday will report fiscal second-quarter earnings of 54 cents a share on revenue of $4.38 billion.

-- Written by Joseph Woelfel

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