Stocks to Watch: Google, Mosaic, Coinstar
NEW YORK -- Google(GOOG) and the Federal Trade Commission announced Thursday a deal to end the federal agency's nearly two-year old antitrust probe. The search engine leader has agreed to make voluntary changes to its current Internet search practices.
Google reportedly has agreed to allow advertisers to have more say over how their ads appear on the search results listings page. The Internet giant also agreed to limit the use of reviewers' "snippets" and other quotes gathered from rival providers.
Mosaic(MOS) , the phosphate and potash global agriculture supplier, is expected by analysts Friday to post fiscal second-quarter earnings of 98 cents a share on revenue of $2.54 billion, down almost 16% from a year earlier.
Wall Street analysts expect Finish Line(FINL) , the athletic shoe and apparel retailer, to post earnings Friday of 10 cents a share in the fiscal third quarter on revenue of $296.1 million.
Sonic(SONC) said late Thursday that fiscal first-quarter profit rose 12% from a year earlier to $6.1 million, or 11 cents a share, on revenue of $126 million.
The results were roughly in line with Wall Street estimates.
Progress Software(PRGS) posted fourth-quarter earnings on Thursday of $36 million, or 57 cents a share, on revenue of $91.3 million, compared with year-earlier profit of $12.2 million, or 19 cents a share, on revenue of $93.5 million.
Adjusted profit in the latest fourth quarter was 23 cents a share; analysts expected 34 cents a share.
Progress Software said it expects first-quarter revenue to be flat with the year-earlier quarter.
Coinstar (CSTR) announced Thursday the unexpected retirement of CEO Paul Davis.
The owner of the Redbox movie-rental kiosks named Chief Financial Officer J. Scott Di Valerio as its new CEO. He will take over on March 31.
Drugmaker Eli Lilly (LLY) is expected Friday to announce its financial guidance for 2013.
Walgreen (WAG) is expected to report same-store sales for December on Friday.
-- Written by Joseph Woelfel
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