Sirius XM Radio SIRI 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. Apple to Dump YouTube ... for Now
Priceline.com PCLN 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. 5 'A+' Dow Dividend Stocks Worth a Look
Johnson & Johnson JNJ and Pfizer PFE 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 ELN , 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.
CVS CVS , the drugstore chain, is expected by analysts Tuesday to post quarterly profit of 79 cents a share on revenue of $31.02 billion.
Leap Wireless LEAP 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 >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
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