Stocks To Watch For August 6, 2014
Some of the stocks that may grab investor focus today are:
Wall Street expects Dish Network (NASDAQ: DISH) to report its Q2 earnings at $0.51 per share on revenue of $3.69 billion. Dish shares gained 1.37% to $63.00 in after-hours trading.
Groupon (NASDAQ: GRPN) reported downbeat revenue for the second quarter and issued a weak earnings forecast for the current quarter. Groupon shares dipped 16.96% to $5.87 in the after-hours trading session.
Analysts expect Ralph Lauren (NYSE: RL) to report its Q1 earnings at $1.76 per share on revenue of $1.73 billion. Ralph Lauren shares gained 0.17% to close at $156.57 yesterday.
Twenty-First Century Fox (NASDAQ: FOX) announced Tuesday that it is withdrawing its bid for Time Warner (NYSE: TWX). Instead, the company's board authorized a $6 billion share repurchase program. Twenty-First Century Fox shares climbed 6.74% to $33.12 in the after-hours trading session, while Time Warner shares tumbled 10.55% to $76.20 in the after-hours trading session.
Time Warner (NYSE: TWX) is projected to report its Q2 earnings at $0.84 per share on revenue of $6.87 billion, while Twenty-First Century Fox (NASDAQ: FOXA) is expected to post its Q4 earnings at $0.38 per share on revenue of $7.99 billion.
Analysts are expecting Viacom (NASDAQ: VIAB) to have earned $1.44 per share on revenue of $3.56 billion in the third quarter. Viacom shares slipped 0.20% to $81.61 in after-hours trading.
Walt Disney Co (NYSE: DIS) reported better-than-expected fiscal third-quarter profit. Disney shares gained 0.58% to $87.25 in the after-hours trading session.
Mondelez International (NASDAQ: MDLZ) is projected to report its Q2 earnings at $0.39 per share on revenue of $8.65 billion. Mondelez shares gained 0.11% to $36.00 in after-hours trading.
Late Tuesday, Wall Street Journal reported that Sprint (NYSE: S) was abandoning its efforts to acquire T-Mobile US (NYSE: TMUS), citing regulatory issues. According to a report from Bloomberg, Sprint would announce a replacement for CEO Dan Hesse on Wednesday. Sprint shares fell 15.11% to $6.18 in after-hours trading, while T-Mobile shares dropped 8.85% to $30.91 in after-hours trading.
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