Earnings Deluge Continue Unabated

(RTTNews) - The U.S. reporting season is progressing along, with all but eight of the Dow components having already released their results. Corporate profits continue to show that companies benefited largely from cost-cutting.

Advance second quarter GDP estimate released last week showed that economic activity increased at a slightly slower than expected pace in the period. However, the report revealed business capital spending remained strong, boding well for earnings. That said consumer spending is yet to pick up and the sustainability of the economic recovery underway hinges primarily on how spending pans out over the next couple of quarters.

The upcoming week will witness earnings from American International Group, Archer Daniels Midland, Kraft Foods, Loews, MasterCard, Pfizer, Pitney Bowes, Time Warner and many other companies along with a slew of economic data, including those on July employment, national manufacturing, personal spending, and pending home sales.

August 02

Monday, before the bell, the maker of Botox injection, Allergan Inc. (AGN) is expected to report second-quarter earnings. Analysts are looking for earnings of $0.81 per share on revenues of $1.20 billion, while the company expects non-GAAP earnings per share of $0.79 - $0.81, on net sales between $1.190 billion and $1.230 billion. In the comparable period last year, the group reported $0.75 per share on revenues of $1.13 billion.

CNA Financial Corp. (CNA), the 90% holding company of Loews Corp. (L), is due to announce second-quarter numbers before the bell,Monday. Analysts expect earnings of $0.69 per share, on revenues of $1.92 billion. In the year-earlier quarter, the company earned $1.14 per share on revenues of $2.01 billion.

Private Medicare plans provider Humana Inc. (HUM) expects to post second-quarter earnings per share of $1.65 to $1.70, while Wall Street consensus is for $1.63 per share, on revenues of $8.61 billion. The results are slated to be released before the market opens on August 02.

Monday, before the market opens, New York-based diversified holding company Loews Corp. (L), run by the billionaire Tisch family, is slated to publish first-quarter numbers, with Wall Street forecasting earnings of $0.82 per share, on revenues of $3.62 billion. A year before, Loews earned $0.78 per share, on revenues of $3.83 billion.

Denver, Colorado-based operator of kidney dialysis centers DaVita Inc. (DVA) will report second-quarter results after the bell, Monday, with analysts looking for earnings per share of $1.06 on revenues of $1.60 billion. Last year, it earned $1.02 per share on revenues of $1.52 billion.

According to the Street, retirement and investment products provider Principal Financial Group (PFG) would earn $0.66 per share, on revenues of $2.38 billion, for the second quarter. The group is expected to report earnings after the bell Monday. A year ago, the group earned $0.69 per share on revenues of $2.34 billion.

Internet infrastructure and identity service provider VeriSign Inc. (VRSN) is set to report second-quarter results after the bell Monday, with analysts projecting earnings of $0.24 per share on revenues of $166.52 million. In the prior year, the group earned $0.31 per share on revenues of $256.62 million.

Monday's Report card also includes American Financial Group Inc. (AFG), CIRCOR International, Inc. (CIR), Hologic Inc. (HOLX), First Financial Bancorp. (FFBC), Forest Oil Corp. (FST), Franklin Electric Co. Inc. (FELE), NTT DOCOMO,INC. (DCM), Rent-A-Center Inc. (RCII), SL Green Realty Corp. (SLG) and few others....

August 03

Tuesday, before the market opens, wireless and broadcast communications infrastructure provider American Tower Corp. (AMT) is slated to release second-quarter numbers, with analysts looking for $0.20 earnings per share, on revenues of $465.16 million. In the prior-year period, the company earned $0.13 per share on revenues of $423.36 million.

Decatur, Illinois-based agricultural commodities and products processor Archer Daniels Midland Co. (ADM) would release final-quarter results before the market opens, Tuesday, with analysts expecting earnings of $0.52 per share on revenues of $16.62 billion. A year earlier, the group earned $0.20 per share, on revenues of $16.53 billion.

Houston, Texas-based oil field services company Baker Hughes Inc. (BHI) will report second-quarter earnings before the market opens Tuesday. Baker Hughes is expected to post earnings of $0.43 per share, on revenues of $3.48 billion, according to analysts. A year earlier, the group reported earnings of $0.41 per share and revenues of $2.34 billion.

Information technology and BPO services firm Cognizant Technology Solutions Corp. (CTSH) is due to unveil second-quarter financials before the bell, Tuesday. Analysts look for $0.52 in earnings per share on revenues of $1.02 billion, while the company foresees adjusted earnings per share of $0.55 on revenue of at least $1.015 billion. In the earlier-year period, it earned $0.47 per share on revenues of $776.59 million.

Dallas, Texas-based food and beverage company Dean Foods Co. (DF) is slated to reveal second-quarter results before the bell Tuesday. The street projects profit of $0.25 per share on revenues of $2.99 billion, while the company sees adjusted earnings between $0.23 and $0.28 per share. The company earned $0.43 per share on revenues of $2.68 billion last year.

Fort Worth, Texas-based homebuilder DR Horton Inc. (DHI) would announce third-quarter financials before the market opens, Tuesday, with analysts predicting profit of $0.16 per share on revenues of $1.32 billion. In the prior-year period, it lost $0.45 per share on revenues of $932.90 million.

Electric utility company Duke Energy Corp. (DUK) is scheduled to publish second-quarter results before the bell, Tuesday, with Wall Street looking for earnings $0.28 per share on revenues of $3.11 billion. In the comparable period of 2009, the company earned $0.26 per share on revenues of $2.91 billion.

From diversified global technology company Emerson Electric Co. (EMR), analysts expect third-quarter profit of $0.68 per share and revenues of $5.57 billion. In the prior-year quarter, the group earned $0.51 per share on revenues of $5.09 billion. The St. Louis, Missouri-based group will report before the bell Tuesday.

Power firm Entergy Corp. (ETR) is expected to release second-quarter earnings report before the market opens Tuesday. Analysts call for earnings of $1.62 per share on revenues of $2.85 billion, while the group projects adjusted earnings of about $1.70 per share. A year ago, the company earned $1.23 per share on revenues of $2.52 billion.

Tuesday, before the bell, logistics company Expeditors International of Washington Inc. (EXPD) is slated to deliver second-quarter results. Consensus calls for earnings of $0.39 per share on revenues of $1.36 billion, while Street view is for earnings in the range of $0.38 to $0.40 per share. In the year ago quarter, the company earned $0.25 per share on revenues of $895.36 million.

St. Louis, Missouri-based diversified energy company FirstEnergy Corp. (FE) will report second-quarter numbers before the bell, Tuesday, with analysts projecting $0.78 per share on revenues of $3.32 billion. In the corresponding period a year earlier, the group earned $0.87 per share on revenues of $3.27 billion.

Health-care REIT HCP, Inc. (HCP) is expected to post second-quarter profit of $0.54 per share on revenues of $251.08 million, according to Street view. The company, which will report results before the bell Tuesday, earned $0.55 per share, on revenues of $252.76 million, in the earlier year.

Insurance brokerage Marsh & McLennan Companies Inc. (MMC) is scheduled to release second-quarter numbers before the bell Tuesday, with the Street consensus calling for earnings $0.44 per share on revenues of $2.71 billion. Last year, the company earned $0.33 per share on revenues of $2.65 billion.

Houston, Texas-based integrated oil company Marathon Oil Corp. (MRO) is expected to post second-quarter profit of $0.82 per share on revenues of $19.69 billion, according to analysts. The group, which is set to report financials before the market opens Tuesday, earned $0.35 per share, on revenues of $13.36 billion, in the comparable period of last year.

Purchase, New York-based MasterCard Inc. (MA) would check in second-quarter numbers before the market opens Tuesday, with analysts looking for $3.30 per share on revenues of $1.38 billion. In the same quarter last year, the company earned $2.67 per share on revenues of $1.28 billion.

Beer brewer Molson Coors Brewing Co. (TAP,TAP.A.TO,TAP.B.TO) is set to unveil second-quarter results before the bell, Tuesday. Analysts' consensus call for earnings of $1.20 per share on revenues of $876.31 million. In the year-ago quarter, the company earned $1.11 per share on revenues of $798.90 million.

Publicly traded diverse financial exchange operator NYSE Euronext, Inc. (NYX) is slated to reveal second-quarter numbers before the bell Tuesday, with Street expecting earnings of $0.59 per share on revenues of $659.76 million. In the prior-year period, it earned $0.51 per share on revenues of $611.0 million.

Energy holding company NiSource Inc. (NI) is expected to release its second-quarter earnings before the market opens Tuesday, with analysts expecting earnings of $0.09 per share, on revenues of $1.11 billion. In the prior-year quarter, the company reported earnings per share of $0.02, on revenues of $1.01 billion.

Tuesday's earnings slate also includes the world's largest pharmaceutical company Pfizer Inc.'s (PFE) second-quarter report. Analysts' earnings per share prediction range from a low of $0.50 to a high of $0.54, with consensus being at $0.52, on revenues of $16.65 billion. Last year, the company earned $0.48 per share on revenues of $10.97 billion.

For motion and fluid control systems maker Parker Hannifin Corp. (PH), analysts project final-quarter earnings of $1.08 per share on revenues of $2.73 billion. A year earlier, it earned $0.31 per share on revenues of $2.21 billion. The company would report results before the bell, Tuesday. For the fiscal, the company expects earnings from continuing operations of $2.95 - $3.15 per share, while Street view is for profit of $3.10 per share.

Consumer goods giant Procter & Gamble Co. (PG) will publish its fourth-quarter results before the bell, Tuesday. Consensus estimates call for earnings of $0.73 per share on revenues of $19.510 billion, while the company sees diluted net earnings per share from continuing operations and core earnings per share to be in the range of $0.68-$0.74 and net sales growth of 6% to 7%. The Cincinnati, Ohio-based Dow component earned $0.80 per share on revenues of $18.66 billion in the comparable period of previous fiscal.

Utility company Sempra Energy (SRE) is set to report second-quarter results before the bell, Tuesday, with analysts expecting $0.82 per share on revenues of $1.19 billion. In the year-ago period, the company earned $0.80 per share on revenues of $1.69 billion.

Oil and gas equipment and services provider Smith International, Inc. (SII) is expected to report second-quarter earnings of $0.24 per share on revenues of $2.23 billion, according to Wall Street analysts. The Houston, Texas-based group, which is due to report the performance before the market opens Tuesday, posted a profit per share of $0.15, on revenues of $1.94 billion, in the comparable period last year. Last week, Schlumberger Ltd. (SLB) and Smith International merger was given antitrust clearance in the U.S. and EU.

Tuesday, after the market closes, independent energy producer Anadarko Petroleum Corp. (APC) is scheduled to report second-quarter results, with analysts anticipating earnings of $0.36 per share on revenues of $2.75 billion. Last year, the company lost $0.56 per share on revenues of $1.74 billion.

Multifamily communities developer AvalonBay Communities Inc. (AVB) would report second-quarter results after the bell, Tuesday. The company projects funds from operations of $1.01 to $1.03 per share, while analysts look for $1.01 per share, on revenues of $217.35 million. Last year, the group reported funds from operations of $0.90 per share on revenues of $220.07 million.

Tuesday, after the market closes, Oklahoma City, Oklahoma-based upstream oil company Chesapeake Energy Corp. (CHK) would report second-quarter earnings, with analysts looking for earnings of $0.69 per share, on revenues of $2.47 billion. A year ago, the company earned $0.62 per share on revenues of $1.67 billion.

Mail processing solutions provider, Pitney Bowes Inc. (PBI) is expected to earn $0.57 per share on revenues of $1.37 billion in the second quarter, according to analysts. A year earlier, it had earned $0.55 per share, on revenues of $1.38 billion. The group is slated to release results after the market closes Tuesday.

Life and disability insurer Unum Group (UNM) is slated to check in second-quarter numbers after the bell, with Street expecting earnings of $0.68 per share on revenues of $2.54 billion. A year before, the group earned $0.65 per share on revenues of $2.63 billion.

Hamilton, Bermuda-based XL Capital Ltd. (XL) would post second-quarter results after the market close, Tuesday, with Street expecting earnings of $0.64 per share on revenues of $1.22 billion. A year earlier, it earned $0.47 per share on revenues of $1.28 billion.

Online travel company Priceline.com Inc. (PCLN) would report second-quarter results after the bell, Monday. The street view is for earnings of $2.65 per share on revenues of $733.04 million, while the group expects pro forma net income of $2.50 to $2.70 per share, with year-over-year increase in revenue of around 18% to 23%. The company earned $2.02 per share, on revenues of $603.74 million, in the prior-year.

Tuesday will witness reporting from Axis Capital Holdings Ltd. (AXS), Boston Beer Co. Inc. (SAM), Coach Inc. (COH), Discovery Communications, Inc. (DISCA), Dow Chemical Company (DOW), Electronic Arts Inc. (ERTS), Harris Corp. (HRS), Hertz Global Holdings, Inc. (HTZ), Molex Inc. (MOLX), MGM Resorts International (MGM), Nicor Inc. (GAS), NRG Energy, Inc. (NRG), and many more...

August 04

Wednesday, before the market opens, AOL Inc. (AOL) is slated to publish second-quarter results, with analysts expecting earnings per share of $0.41 on revenues of $602.12 million. The group was a part of Time Warner Inc. (TWX) until December 2009.

Greensburg, Pennsylvania-based power generation and distribution company Allegheny Energy, Inc. (AYE) is slated to report second-quarter numbers before the market opens, Wednesday, with analysts forecasting earnings per share of $0.38 on revenues of $900.23 million. In the previous year, the company earned $0.41 per share on revenues of $814.74 million.

Houston, Texas-based flow equipment products, systems, and services provider Cameron International Corp. (CAM) shall release its second-quarter numbers, before the market opens Wednesday, with analysts' projection of earnings of $0.55 per share on revenues of $1.47 billion. Last year, it earned $0.60 per share on revenues of $1.27 billion.

Independent oil and gas company Devon Energy Corp. (DVN) would unveil second-quarter results before the bell Wednesday, as analysts look for $1.42 per share on revenues of $2.34 billion. In the comparable period last year, the company reported earnings of $0.85 per share and revenues of $2.09 billion.

Texan oil and gas producer El Paso Corp. (EP) will report second-quarter financials, with analysts looking for earnings of $0.21 per share on revenues of $1.13 billion. In the prior-year quarter, it earned $0.25 per share on revenues of $973.0 million.

Stamford, Connecticut-based telecommunication services provider Frontier Communications Corp. (FTR) would report second-quarter earnings before the market opens, Wednesday. Analysts project earnings of $0.15 per share on revenues of $512.06 million. Last year, the company earned $0.09 per share on revenues of $532.14 million.

Electricity utility firm PG & E Corp. (PCG) is due to publish second-quarter results, with Wall Street looking for $0.90 per share of earnings, on revenues of $3.27 billion. In the corresponding period a year earlier, it earned $0.83 per share on revenues of $3.19 billion.

New York-based fashion company Polo Ralph Lauren Corp. (RL), whose brands include Polo, American Living, Chaps and Club Monaco, is set to unveil first-quarter numbers before the bell, Wednesday, with analysts looking for earnings of $0.89 per share, on revenues of $1.14 billion. This compares to the year-ago period earnings of $0.76 per share on revenues of $1.02 billion. The apparel maker expects consolidated revenues to increase at a low double digit rate.

Investors will also focus on the earnings release from homebuilder Pulte Homes (PHM), scheduled to unveil quarterly financials before the bell, Wednesday. Analysts foresee a loss of $0.01 per share on revenues of $1.24 billion. In the year-ago period, the company lost $0.74 per share on revenues of $678.58 million.

Business process outsourcing company R.R. Donnelley & Sons Co. (RRD) is due to report second-quarter numbers before the bell, Wednesday, with Street projecting earnings of $0.36 per share, on revenues of $2.36 billion. In the earlier-year quarter, the company earned $0.37 per share on revenues of $2.36 billion.

According to Wall Street analysts, natural gas company Spectra Energy Corp. (SE) will report second-quarter profit of $0.29 per share on revenues of $1.04 billion. In the corresponding period a year before, the group earned $0.22 per share on revenues of $937.0 million.

Media and entertainment giant Time Warner Inc. (TWX) will publicize its second-quarter results before the market opens Wednesday, with analysts expecting earnings of $0.93 per share on revenues of $4.68 billion. In the year-ago quarter, the company posted earnings of $0.89 per share and revenues of $4.47 billion.

Global telecommunications service provider Qwest Communications International Inc. (Q) will publish second-quarter results before the bell, Wednesday, with consensus estimates calling for earnings of $0.09 per share on revenues of $2.91 billion. In the previous year, the company earned $0.12 per share on revenues of $3.09 billion.

Wednesday, after the bell, insurer and financial services provider Hartford Financial Services Group, Inc. (HIG) is scheduled to release second-quarter numbers, with consensus calling for earnings of $0.73 per share on revenues of $2.46 billion. In the prior-year quarter, the company earned $1.90 per share on revenues of $2.46 billion.

Personal property and casualty insurance provider Allstate Corp. (ALL) is due to release first-quarter results after the bell, Wednesday, with consensus calling for earnings of $0.73 per share on revenues of $6.61 billion. In the prior-year quarter, the company earned $0.55 per share on revenues of $6.62 billion.

Non-alcoholic beverage maker Cott Corp. (COT) will release its second-quarter performance before the bell on August 4, with the street projecting profit per share $0.27 on revenues of $432.21 million. Last year, it earned $0.30 per share on revenues of $438.80 million.

Real estate investment trust Federal Realty Investment Trust (FRT) is set to release second-quarter results after the bell, Wednesday, with consensus calling for earnings of $0.96 per share on revenues of $132.55 million. In the previous year, the group earned $0.97 per share on revenues of $130.34 million.

Media conglomerate News Corp. (NWS, NWSA) is scheduled to report final-quarter numbers on Wednesday, August 4, at 4:00 PM ET. Wall Street anticipates profit per share of $0.20 on revenues of $8.09 billion. In the year-ago quarter, the company earned $0.19 per share on revenues of $7.67 billion.

On August 04, Amerigon Inc. (ARGN), Amerisafe, Inc. (AMSF), CenterPoint Energy, Inc. (CNP), Cincinnati Bell Inc. (CBB), Cloud Peak Energy Inc. (CLD), El Paso Electric Co. (EE), Shire plc (SHPGY), Murphy Oil Corporation (MUR), and many others will release quarterly numbers.

August 05

Thursday, before the market opens, consumer products company Church & Dwight Co., Inc. (CHD) will report second-quarter results, with Street analysts predicting earnings per share of $0.95 on revenues of $650.72 million. A year earlier, the Princeton, New Jersey-based group earned $0.86 per share on revenues of $623.12 million.

Public utility holding company Ameren Corp. (AEE) would publish second-quarter results before the bell Thursday, as analysts look for $0.50 of earnings per share on revenues of $1.75 billion. The company earned $0.75 per share, on revenues of $1.68 billion, in the prior-year quarter.

Philadelphia, Pennsylvania-based healthcare benefits provider CIGNA Corp. (CI) will release its second-quarter numbers, Thursday, with analyst looking for $1.01 per share on revenues of $5.26 billion. A year earlier, the company earned $1.14 per share on revenues of $4.49 billion.

Thursday's earnings slate also includes El Segundo, California-based provider of digital television entertainment DirecTV Group, Inc. (DTV), due to publish its second-quarter results before the bell. The Street is looking for earnings of $0.60 per share on revenues of $5.73 billion. In the same period of previous year, it earned $0.40 per share on revenues of $5.22 billion.

Rosemead, California-based power generator and distributor Edison International (EIX) would report second-quarter results before the bell, Thursday. Analysts look for quarterly earnings of $0.68 per share on revenues of $3.17 billion. In the comparable period last year, the company earned $0.78 per share on revenues of $2.83 billion.

International Flavors & Fragrances Inc. (IFF) will report second-quarter results before the bell, Thursday, with analysts expecting earnings of $0.82 per share on revenues of $626.42 million. Last year, the company earned $0.65 per share on revenues of $568.26 million.

Allentown, Pennsylvania-based PPL Corp. (PPL) will announce its second-quarter results, before market opens Thursday, with Street anticipating earnings of $0.67 per share on revenues of $2.17 billion. In the previous year, it earned $0.32 per share on revenues of $1.67 billion.

Time Warner Cable, Inc. (TWC) is expected to announce its second-quarter numbers before the market open Thursday, with analysts looking for earnings of $0.93 per share on revenues of $4.68 billion. The New York-based group posted earnings of $0.89 per share on revenues of $4.47 billion, in the same period last year.

Thursday, after the bell nitrogen and phosphate fertilizer producer CF Industries Holdings Inc. (CF) is slated to report second-quarter earnings, with Street looking for earnings per share of $3.14, on revenues of $1.24 billion. A year before, the company earned $4.33 per share on revenues of $991.0 million.

The maker of Call of Duty game Activision Blizzard Inc. (ATVI) is due to release second-quarter results after the market close, Thursday, with analysts looking for earnings of $0.05 per share on revenues of $719.73 million. The Santa Monica, California-based online PC and console game publisher earned $0.08 per share, on revenues of $801.0 million, a year ago.

Wall Street analysts expect EOG Resources, Inc. (EOG) to report second-quarter profit of $0.25 per share on revenues of $1.24 billion. A year ago, the Houston, Texas-based company earned $0.73 per share on revenues of $861.04 million. EOG Resources will report after the bell, Thursday.

Thursday, after the market close, Kraft Foods Inc., (KFT) is set to report first-quarter numbers, with Wall Street forecasting earnings of $0.52 per share, on revenues of $12.33 billion. Last year, the Dow confrere posted a profit of $0.56 per share on revenues of $10.16 billion.

From real estate investment trust Public Storage (PSA), Street analysts look for earnings of $1.24 per share on revenues of $372.53 million. In the earlier-year quarter, the company earned $1.40 per share on revenues of $407.25 million. The company will release results after the bell, Thursday.

AerCap Holdings N.V. (AER), Brooks Automation Inc. (BRKS), Beazer Homes USA Inc. (BZH), Cardinal Health, Inc. (CAH), Cablevision Systems Corporation (CVC), California Pizza Kitchen Inc. (CPKI), Denbury Resources Inc. (DNR), Fannie Mae, tier Oil Corp. (FTO), Hyatt Hotels Corporation (H), Hewitt Associates Inc. (HEW), Matrix Service Co. (MTRX), Prestige Brands Holdings Inc. (PBH), Playboy Enterprises Inc. (PLA), Spectra Energy Partners, LP (SEP), Viacom Inc. Class A Common Stoc (VIA), Microchip Technology Inc. (MCHP), NetSuite Inc. (N), Weight Watchers International, Inc. (WTW), Xenoport, Inc. (XNPT), will also report financial performance on Thursday.

August 06

American International Group, Inc. (AIG) is likely to report second-quarter numbers on August 06, with consensus calling for earnings of $0.99 per share on revenues of $19.18 billion. A year ago, the bailed out insurer earned $2.57 per share on revenues of $29.52 billion.

Friday, before the bell, electric energy producer Dynegy Inc. (DYN) is set to report second-quarter numbers, as analysts look for loss per share of $0.41 on revenues of $554.13 million. A year before, it lost $0.30 per share on revenues of $493.0 million.

Electric and natural gas utility company Pepco Holdings Inc. (POM) will report second-quarter financials, before the bell, Friday, with the Street projecting earnings of $0.20 per share on revenues of $2.38 billion. Last year, it earned $0.11 per share on revenues of $2.06 billion.

According to analysts, electric utility Progress Energy Inc. (PGN) will earn $0.62 per share on revenues of $2.47 billion for the second-quarter. The company, set to report before the market opens, Friday, reported earnings of $0.64 per share, on revenues of $2.31 billion, in the prior-year period.

Friday's earnings slate includes AboveNet, Inc. (ABVT), Brookfield Asset Management Inc. (BAM), Harleysville Group Inc. (HGIC), Warner Chilcott plc (WCRX), Constellation Energy Partners LLC (CEP) and few others...

Stay tuned...