Wednesday, May 12, 2010

Stocks in Focus ( Disney,Electric Scientific Industries,Electronic Arts)

Disney is likely to be in focus after it reported that its second quarter earnings rose to 48 cents per share from 33 cents per share in the year-ago quarter.

On an adjusted basis, the company reported earnings of 48 cents per share. Revenues rose 6.1% to $8.58 billion. Analysts estimated earnings of 46 cents per share on revenues of $8.39 billion.

Electric Scientific Industries may also be in focus after it reported fourth quarter revenues of $59.6 million. On a non-GAAP basis, the company reported earnings of 16 cents per share.

Analysts estimated earnings of 5 cents per share on revenues of $53 million. For the first quarter, the company expects revenues to be in the low to mid-$50 million range and expects non-GAAP earnings per share of 1-6 cents per share.

Electronic Arts is expected to move in reaction to its announcement that its fourth quarter non-GAAP revenues rose to $850 million from the year-ago’s $609 million. The company reported non-GAAP earnings of 7 cents per share compared to a loss of 37 cents per share last year.

The results were ahead of the consensus estimates. For the first quarter, Electronic Arts expects a non-GAAP loss of 35-40 cents per share on revenues of $460 million to $500 million. Analysts estimate a loss of 33 cents per share on revenues of $515.84 million.

The company expects non-GAAP earnings of 50-70 cents per share and revenues of $3.65 billion to $3.90 billion. The consensus estimates call for earnings of 64 cents per share on revenues of $3.80billion.

No comments: