Stocks to Watch: Deere, Salesforce.com
NEW YORK -- Deere(DE) reports earnings Wednesday and Wall Street is looking for a profit of $1.88 a share from the agricultural equipment maker in its fiscal fourth quarter on revenue of $8.85 billion.
Shares of Deere have risen roughly 11% so far in 2012.
Salesforce.com(CRM) , the cloud computing company, on Tuesday delivered a 35% year-over-year revenue increase in its latest quarter.
The company reported non-GAAP earnings of $49.6 million, or 33 cents a share, for the third quarter on revenue of $788 million. Analysts expected profit of 32 cents a share on revenue of $776.5 million.
Salesforce.com forecast non-GAAP earnings of 38 cents to 40 cents a share in its fiscal fourth quarter on revenue ranging from $825 million to $830 million. Wall Street's current consensus view is for a profit of 40 cents a share on revenue of $829.9 million.
News Corp owns HarperCollins Publishers and the Journal.
The people described the discussions as preliminary and cautioned that a deal isn't imminent, the newspaper said.
Zale, the jewelry retailer, reported a wider-than-expected fiscal first-quarter loss on Tuesday.
Zale posted a loss of $28.3 million, or 88 cents per share, on revenue of $357.5 million. Analysts were expecting a loss of 68 cents a share on revenue of $365.6 million.
Zale said it expects to be profitable for fiscal 2013.
Scholastic(SCHL) , the publishing company, lowered its fiscal-year outlook after Tuesday's closing bell.
-- Written by Joseph Woelfel
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