Stocks to Watch: AOL, Zillow, Nike
NEW YORK -- AOL (AOL) is expected to report its third-quarter results before Tuesday's opening bell, and analysts are calling for earnings of 17 cents a share in the September-ended period on revenue of $521.6 million.
Shares of the Web content company have more than doubled so far this year, hitting a 52-week high of $37.94 on Oct. 17. In late August, AOL announced plans to distribute a special cash dividend of $5.15 a share to stockholders before the end of the year.
Zillow(Z) , the real estate information company, on Monday gave a soft revenue outlook for the final quarter of 2012.
The company also announced a small acquisition, spending $12 million in cash and 150,000 restricted shares to purchase Mortech, a Lincoln, Neb.-based mortgage software and services company.
Nike (NKE) is close to a deal to sell its Cole Haan brand to Apax Partners for about $500 million, The New York Times reported. A deal could be announced next week, according to two people briefed on the matter, the newspaper said.
Express Scripts (ESRX) reported Monday a 20% increase in third-quarter profit but warned that 2013 could bring a weaker business climate.
Stock exchange operator NYSE Euronext (NYX) said Tuesday that third-quarter net revenue declined 21% to $559 million amid weaker trading in the U.S. and Europe. Net income fell 42%.
Earnings are also expected Tuesday from CVS Corp.(CVS) , Marsh & McLennan(MMC) , Office Depot(ODP) , OfficeMax(OMX) , Cache(CACH) , News Corp.(NWS) , Rackspace Hosting(RAX) and Vitesse Semiconductor(VTSS) .
-- Written by Joseph Woelfel