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Stocks to Watch, May 2: Verizon, Hilton Hotels

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Verizon Communications, Archer Daniels Midland Co., Electronic Data Systems, Hilton Hotels Corp. and PortalPlayer Inc.

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Alcan Inc. (AL) is expected to report first-quarter earnings of $1.07 a share, according to analysts polled by Thomson First Call.

Archer Daniels Midland Co. (ADM) is seen posting a fiscal third-quarter profit of 46 cents a share.

Duke Energy Corp.'s (DUK) first-quarter per-share profit is expected to be 49 cents.

Electronic Data Systems (EDS) is expected to report earnings of 8 cents a share in its first quarter.

Hilton Hotels Corp. (HLT) is seen posting a first-quarter profit of 18 cents a share.

InterActiveCorp's (IACI) first-quarter results are expected to show a per-share profit of 27 cents.

Molson Coors Brewing Co. (TAP) is expected to report first-quarter earnings of 13 cents a share.

Sirius Satellite Radio Inc.'s (SIRI) first-quarter loss is expected to be 36 cents a share.

St. Paul Travelers Cos. (STA) is seen reporting a first-quarter per-share profit of $1.29.

Verizon Communications (VZ) is expected to report first-quarter earnings of 59 cents a share.

After Monday's closing bell, PortalPlayer Inc. (PLAY) reported first-quarter net earnings of $6.53 million, or 26 cents a share, down 16% from $7.81 million, or 31 cents a share, in the year-ago period. Excluding items, earnings came in at 40 cents a share compared with 33 cents a share last year. Revenue at the San Jose, Calif.-based company rose to $72.3 million from $44.5 million. Analysts polled by Thomson First Call had forecast earnings of 35 cents a share on revenue of $74 million.

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Chesapeake Energy Corp. (CHK) said its net earnings jumped as oil and gas production set a record for the 19th consecutive quarter. See full story.

Endurance Specialty Holdings Ltd. (ENH) reported better-than-expected first-quarter results late Monday after the Bermuda-based reinsurer avoided big losses that plagued the industry late last year. See full story.

Fisher Scientific International Inc. (FSH) said first-quarter net income was $103.2 million, or 79 cents a share, compared with $77 million, or 61 cents a share, during the same period in the prior year. On a pro forma basis, per-share income was 88 cents, up from 80 cents in the prior year. Analysts polled by Thomson First Call had expected per-share income of 83 cents. The scientific products provider said first-quarter revenue was $1.41 billion, up from $1.31 billion in the prior year.

Great American Financial Resources Inc. (GFR) has agreed to acquire Cleveland-based Ceres Group Inc. (CERG) for $205 million, or $6.13 a share in cash, the companies said after Monday's closing bell. The transaction is expected to close in the third quarter, and is subject to customary approvals and clearances. Cincinnati-based Great American is an insurance holding company with $12 billion in assets.

Haverty Furniture Co. (HVT) reported first-quarter net earnings of $5.1 million, or 23 cents a share, up from $3.17 million, or 14 cents a share, in the year-ago period. Revenue at the Atlanta-based company rose to $209.1 million from $207.6 million, while same-store sales fell 0.6%. Analysts polled by Thomson First Call had forecast earnings of 16 cents a share on revenue of $210 million.

Hovnanian Enterprises Inc. (HOV) cut its second-quarter and full-year earnings forecasts late Monday amid production delays, slower sales and other issues that suggest the homebuilder is feeling the effects of a cooling U.S. housing market. See full story.

Intevac Inc. (IVAC) said first-quarter net income was $7.01 million, or 32 cents a share. During the same period last year, the company reported a net loss of $3.9 million, or 19 cents a share. Intevac said quarterly revenue was $49.6 million, up from $10.6 million in the prior year.

Principal Financial Group Inc. (PFG) reported better than expected first-quarter results after the company sold a record amount of retirement-savings products. See full story.