Macy's M is expected by analysts Wednesday to post third-quarter earnings of 29 cents a share on revenue of $6.07 billion.
Time Warner TWX , the media giant, is seen earnings 82 cents a share on revenue of $6.9 billion in the third quarter, according to analysts. 4 Under-$10 Stocks Moving Higher
Analysts forecast Kraft Foods KRFT , which reports Wednesday, to have earned 69 cents a share in the third quarter on revenue of $4.56 billion.
Reports are also expected Wednesday from Becton Dickinson BDX , Dynegy DYN , Hospira HSP , Leap Wireless LEAP , Orbitz Worldwide OWW , Sodastream International SODA , Tenet Healthcare THC , WellPoint WLP , Activision Blizzard ATVI , CBS CBS , Monster Worldwide MNST , Prudential Financial PRU , Qualcomm QCOM , and Rosetta Stone RST . 3 Stocks Under $5 Making Large Moves to the Upside
News Corp. NWSA on Tuesday posted fiscal first-quarter earnings of $2.23 billion, or 94 cents a share, on revenue of $8.14 billion, up from a year-earlier equivalent profit of $738 million, or 28 cents a share, on revenue of $7.96 billion. Excluding items, News Corp. reported adjusted earnings of 43 cents a share, beating Wall Street's consensus view of 37 cents.
McGraw-Hill MHP has entered into exclusive discussions to sell its education unit to Apollo Global Management APO , and the two sides could reach an agreement within a few weeks, people familiar with the matter told The Wall Street Journal. The final price for the educational publisher is expected to be below $2.5 billion, less than the $3 billion to $4 billion the sellers had sought initially, the people said.
Plexus PLXS announced Tuesday it was no longer a supplier for Juniper Networks JNPR . Plexus, a provider of electronic manufacturing services, said it learned of Juniper's decision on Monday and that while it's unclear on the exact timing of the transition it expects it will occur by the end of its current fiscal year. "This is very surprising news to us given our recent communications and activities with Juniper, including the recent award of Juniper programs and our collaboration with Juniper on activities to support their competitiveness," said Dean Foate, the CEO and president of Plexus, in a statement.
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