Stocks to Watch: Disney, Sirius
By Joseph Woelfel - 08/07/12 - 5:23 AM EDT
NEW YORK -- Walt Disney
reports fiscal third-quarter results after Tuesday's closing bell and analysts are calling for earnings of 93 cents a share on revenue of $11.30 billion.
Shares of Disney, a Dow
component, have risen more than 30% since the start of the year.
Sirius XM Radio
is expected by analysts Tuesday to post second-quarter earnings of 2 cents a share on revenue of $834.4 million. Revenue in the first quarter was $804.7 million.
Sirius has topped expectations in four of the past five quarters, and the stock has risen more than 15% in 2012.
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is seen earning $7.36 a share in the June-ended quarter on revenue of $1.35 billion.
The online travel reservation company posted year-earlier earnings of $5.49 a share on revenue of $1.10 billion.
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Johnson & Johnson
announced the discontinuation of the development of bapineuzumab intravenous, a proposed treatment for mild-to-moderate Alzheimer's disease, after a disappointing phase III trial.
The two companies were partners on the drug's development as was Elan
, which has a 49.9% interest in Janssen AI, the J&J unit that was working with Pfizer on the drug.
Elan said it expects to record a non-cash impairment charge of $117.3 million in the third quarter to write down the entire value of its Janssen AI investment.
, the drugstore chain, is expected by analysts Tuesday to post quarterly profit of 79 cents a share on revenue of $31.02 billion.
reported a wider-than-anticipated loss in the second quarter.
The San Diego-based provider of wireless communications services posted a loss Monday of $46 million, or 54 cents a share, on revenue of $786.8 million, missing the average estimate of analysts polled by Thomson Reuters
for a loss of 50 cents a share on revenue of $836.3 million.
-- Written by Joseph Woelfel
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