Stocks to Watch: Time Warner, MasterCard
By Joseph Woelfel - 08/01/12 - 5:27 AM EDT
NEW YORK -- Media and entertainment giant Time Warner
is expected by analysts Wednesday to post second-quarter adjusted earnings of 59 cents a share on revenue of $6.95 billion.
Time Warner reported adjusted earnings of 60 cents a share on revenue of $7.03 billion in the year-earlier quarter.
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, the credit card processor, is scheduled to report second-quarter results before Wednesday's opening bell and analysts expect earnings of $5.58 a share on revenue of $1.88 billion.
MasterCard has beaten the consensus view in eight straight quarters with an average upside surprise of 7.4%.
, the cosmetics company, is seen posting a second-quarter profit of 21 cents a share on revenue of $2.68 billion.
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is expected by analysts Wednesday to post quarterly earnings of $1.05 a share on sales of $1.64 billion.
on Tuesday reported below-consensus quarterly results.
The software maker's revenue came in at $504.4 million, flat compared to the same period last year, or up 2% on a constant currency basis. Analysts were looking for revenue of $521.8 million.
Excluding items, BMC earned 65 cents a share, down from 72 cents a share a year earlier, and below the average analysts' estimate of 74 cents.
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True Religion Apparel
on Tuesday lowered its financial forecast for the full year, saying it now sees earnings of $1.80 to $1.86 a share on revenue ranging from $450 million to $455 million for fiscal 2012. Analysts forecast profit of $1.97 a share on revenue of $467.8 million.
-- Written by Joseph Woelfel
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