Stocks to Watch: Apple, J.C. Penney, Grupon
NEW YORK -- Apple's(AAPL) annual shareholder meeting is set to begin Wednesday at 12 p.m. EST.
Tim Cook, Apple CEO, is likely to be asked what the iPhone maker plans to do with its massive cash hoard of more than $137 billion.
Retailer J.C. Penney(JCP) is expected by analysts Wednesday to post a quarterly loss of 18 cents a share on revenue of $4.08 billion.
Groupon(GRPN) , the daily deals site, is forecast to report fourth-quarter profit of 3 cents a share on sales of $638.4 million.
Priceline.com(PCLN) , the Travel Web site operator, said Tuesday that fourth-quarter net income rose 28%, as bookings on its Web sites jumped 33% to about $6.6 billion in the quarter.
Fourth-quarter earnings and revenue topped analysts' estimates. The company said it expects first-quarter adjusted earnings of $4.90 to $5.30 a share on revenue of $1.21 billion to $1.29 billion, in line with Wall Street forecasts.
First Solar(FSLR) , the solar panel manufacturer, swung to a profit in the fourth quarter but issued first-quarter net income and sales guidance below analysts' forecasts.
Juniper Networks(JNPR) is reviewing its enterprise-focused networking business after talks fell through late last year to sell assets, including its security unit NetScreen Technologies, Reuters reported, citing several sources close to the matter.
-- Written by Joseph Woelfel
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