Stocks to Watch: Whole Foods, Macy's, Time Warner

Tickers in this article: M MHP TWC APO WFM KRFT PLXS NWSA

NEW YORK -- Whole Foods Market(WFM) is expected to report fiscal fourth-quarter earnings after Wednesday's closing bell, and analysts are calling for a profit of 60 cents a share in the September-ended period on revenue of $2.91 billion.

Shares of the supermarket operator have risen more than 40% so far in 2012.


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.

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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) .

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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.


-- Written by Joseph Woelfel

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