Stocks in Focus ( Netease.com,Con-way,Clorox ,Limited Brands,Symantec ,Synopsys ,Applied Materials,Hot Topic,Autodesk)

Netease.com may be in focus after it reported that its first quarter revenues rose to 1.2 billion yuan or $175.1 million from 781.7 million yuan in the year-ago period. The company reported earnings of 65 cents per share compared to 47 cents per share last year. Analysts estimated earnings of 61 cents per share on revenues of $185.90 million.

Con-way is likely to react to its announcement that it has completed its previously announced public offering of 4.3 million shares at $35 per share. The company raised $143.7 million in net proceeds from the offering.

Clorox may gain ground after it announced a 10% increase in its quarterly dividend to 55 cents per share. Meanwhile, Wabash National (WNC) could lose ground after it said it intends to offer 11 million shares in a public offering. A selling stockholder will offer 12.50 million shares.

Limited Brands may see some activity after it reported first quarter earnings of 34 cents per share, higher than 1 cent per share in the year-ago period. On an adjusted basis, the company reported earnings of 25 cents per share, ahead of the consensus estimate of 19 cents per share. Net sales rose to $1.93 billion from the year-ago’s $1.73 billion, trailing the $2.20 billion consensus estimate. The company expects second quarter earnings of 27-32 cents per share.

Symantec is likely to move in reaction to its announcement that it has agreed to acquire VeriSign’s (VRSN) identity and authentication business for $1.28 billion in cash. Symantec expects the deal to be 9 cents per share dilutive to its non-GAAP earnings in fiscal year 2011 and accretive to non-GAAP earnings in the September quarter of 2011.

Synopsys could also be in focus after it reported that its second quarter revenues rose to $338.1 million from $336.8 million last year. The company’s non-GAAP earnings fell to 41 cents per share from 45 cents per share last year. Analysts estimated earnings of 40 cents per share on revenues of $334.93 million. For the full year, the company estimates non-GAAP earnings of $1.52-$1.62 per share and revenues of $1.34 billion to $1.355 billion. The consensus estimates call for earnings of $1.58 per share on revenues of $1.34 billion.

Applied Materials is likely to see some activity after it reported that its second quarter net sales rose to $2.30 billion from the year-ago’s $1.02 billion, while on a non-GAAP basis, the company reported earnings of 22 cents per share compared to a loss of 12 cents per share last year. Analysts estimated a profit of 21 cents per share on revenues of $2.21 billion. For the third quarter, the company estimates non-GAAP earnings of 22-26 cents per share and net sales to be in the range of a 2% decline to 5% growth sequentially. The consensus estimate calls for earnings of 21 cents per share for the quarter.

Hot Topic could move to the downside after it said it expects a loss of 7-10 cents per share for its second quarter. The company reported a loss of 4 cents per share for its first quarter compared to a profit of 3 cents per share in the year-ago period. Sales fell 7.1% to $162.6 million, exceeding the $158.08 million consensus estimate.

Autodesk is also likely to move in reaction to its announcement that its first quarter revenues rose 11% year-over-year to $475 million. On a non-GAAP basis, earnings rose to 29 cents per share from 18 cents per share last year. Analysts estimated earnings of 26 cents per share on revenues of $443.16 million. For the second quarter, the company expects revenues of $435 million to $460 million and non-GAAP earnings of 23-28 cents per share. The consensus estimates call for earnings of 30 cents per share on revenues of $452.49 million.