Stocks to watch: Apple, AT&T, UPS

The iPhone maker is set to report earnings after the closing bell, while the telecommunication giant reports higher second-quarter profit.

By MSN Money Partner Jul 24, 2012 9:08AM
By Joseph Woelfel, TheStreet.com

Apple (AAPL), the iPhone, iPad and iPod maker, delivers its much-anticipated fiscal third-quarter report after the closing bell Tuesday and analysts are calling for earnings of $10.36 a share on revenue of $37.23 billion. The stock is up more than 45% so far in 2011, but it's pulled back quite a bit since hitting an all-time high of $644 on April 10. TheStreet will be live-blogging Apple's earnings beginning at 3:45 p.m. EDT on Tuesday.

AT&T (T), the telecommunication giant, reported second-quarter profit rose to $3.9 billion, or 66 cents a share from $3.59 billion, or 60 cents a share a year ago. The company also added 320,000 contract customers in the quarter. Analysts expected earnings of 63 cents a share and new net subscribers on contract-based plans of about 200,000 ; that compares with Verizon's gain of 888,000 in the second quarter. Shares of AT&T were up 0.5% in pre-market trading.

United Parcel Service (UPS) reported net income increased by 2% to $1.12 billion, or $1.15 per share, from $1.09 billion, or $1.09 per share, a year earlier. Analysts expected second-quarter net income of $1.17 a share on revenue of $13.69 billion. The world's largest delivery company lowered its full-year forecast by 25 cents per share to $4.50 to $4.75. Shares of UPS dropped 4% in pre-market trading.

DuPont (DD) reported net income for the second-quarter fell 3% to $1.18 billion, or $1.25 per share, from $1.22 billion, or $1.29 per share, for the same period last year. Excluding one-time items, net income was $1.48 per share, up from $1.37 for the same quarter last year. Revenue rose some 7% to $11 billion from $10.26 billion for the second quarter of 2011. Analysts expected second-quarter profit of $1.46 a share on sales of $11.25 billion. DuPont shares fell 0.8% in pre-market trading.

Netflix (NFLX) is seen by analysts Tuesday posting a profit of 5 cents a share in the June-ended quarter on revenue of $888.9 million. Netflix previously forecast 23.6 million to 24.2 million total U.S. subscriptions in the quarter vs. the 23.2 million total with which it finished the first quarter.

Lockheed Martin (LMT) second-quarter operating profit rose to $781 million, or $2.38 a share, from $742 million, or $2.14 a share, in the year-ago period. Sales increased to $11.92 billion from $11.54 billion. Analysts expected earnings of $1.91 a share in the second quarter on sales of $11.31 billion. The defense contractor also raised outlook for 2012 operating profit. Lockheed shares were up about 0.15% in pre-market trading.
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

122
122 rated 1
288
288 rated 2
472
472 rated 3
638
638 rated 4
628
628 rated 5
704
704 rated 6
609
609 rated 7
489
489 rated 8
275
275 rated 9
129
129 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.