Stocks to Watch, Jan. 19: IBM and GE

Among the companies whose shares are expected to see active trade in Friday's session are General Electric Co., International Business Machines Corp. and Capital One Financial (COF).

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Citigroup Inc. (C) is expected to report earnings per share for the fourth quarter of $1, according to analysts polled by Thomson First Call.

GE (GE) is expected to post fourth-quarter per-share income of 64 cents.

KeyCorp (KEY) is expected to report income of 74 cents per share for the fourth quarter.

Motorola Inc. (MOT) is expected to post per-share earnings of 25 cents for the fourth quarter.

Nuveen Investments Inc. (JNC) is expected to report income per share of 61 cents for the fourth quarter.

Regions Financial Corp. (RF) is expected to post fourth-quarter per-share income of 72 cents.

Schlumberger Ltd. (SLB) is expected to report fourth-quarter per-share earnings of 85 cents.

SunTrust Banks Inc. (STI) is expected to post earnings per share of $1.46 for the fourth quarter.

After Thursday's closing bell, IBM (IBM) reported an 11 percent rise in fourth-quarter profit, helped by higher sales in its key global services division and more demand in its software business.

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California Micro Devices Corp. (CAMD) reported third-quarter net income of $673,000, or 3 cents a share, compared with $2.53 million, or 11 cents a share, in the same period last year, as sales fell and costs rose slightly.

Callaway Golf Co. (ELY) said it expects preliminary 2006 sales of $1.018 billion, with earnings per share of 33 cents to 35 cents. Excluding charges, the golf products company sees per-share income of 50 cents to 52 cents.

Capital One (COF) reported a 39 percent jump in fourth-quarter net income, but the results, as well as the credit card and banking company's 2007 forecast, fell short of Wall Street expectations.

Churchill Downs Inc. (CHDN) said Michael Miller, who has served as chief financial officer since December 2002, is leaving to become CFO of Poe Cos. Miller's final day with Churchill, a horse racing venue operator, will be Jan. 26.

Coldwater Creek Inc. (CWTR) lowered its outlook for fiscal fourth quarter per-share income to a range of 16 cents to 17 cents. Previously, the women's apparel company said it was looking for a per-share result of 26 cents to 27 cents. Coldwater cited slower-than-expected customer traffic throughout the holiday season.

Digi International Inc. (DGII) said first-quarter net income rose, as sales gained, to $3.8 million, or 15 cents a share, from $2.18 million, or 9 cents a share, during the same period in the prior year. The company said quarterly revenue rose to $41.8 million from $33.4 million in the prior year.

E-Trade Financial Corp. (ETFC) said fourth-quarter net income jumped 37 percent to a record, as customers traded more and stored more cash and investments with the discount broker.

General Electric Co. (GE), moving to broaden its diagnostic offerings, will buy Abbott Laboratories' (ABT) in-vitro and point-of-care diagnostics businesses for $8.13 billion in cash.

Jacuzzi Brands Inc. (JJZ) said it sees preliminary fiscal first quarter operating income declining primarily due to a 40 percent drop in income in the Bath segment due to operating losses at the U.S. whirlpool bath operations.

JDSU (JDSU) raised its view for fiscal second quarter revenue to a range of $360 million to $365 million. Previously, the communications test products company had said it was looking for revenue of $332 million to $352 million. JDSU cited its Communications Test and Measurement segment performing "particularly well."

KeyCorp (KEY) raised its quarterly cash dividend 5.8% to 36.5 cents a share from 34.5 cents a share. The dividend is payable March 15 to shareholders of record as of Feb. 27.

Molex Inc. (MOLX) reported fiscal second-quarter net income of $66.4 million, or 36 cents a share, up from $58.5 million, or 31 cents a share, a year ago. Revenue at the electrical equipment maker rose 20 percent to $837.5 million from $697.3 million.

Oneok Inc. (OKE) raised its quarterly dividend 6.3 percent to 34 cents a share from 32 cents a share. The gas distributor said the dividend is payable Feb. 15 to shareholders of record as of Jan. 31.

Polaris Industries Inc. (PII) said it has renewed and extended the employment agreement of Chief Executive Tom Tiller through 2008. Tiller will also continue to serve on the board, the snowmobile and motorcycle maker said.

Presstek Inc. (PRST) said it expects fourth-quarter consolidated revenue to exceed $65 million, in line with the company's prior outlook excluding revenue from the Precision Analog operations, which was discontinued in the fourth quarter.

Stride Rite Corp. (SRR) raised its quarterly cash dividend 17 percent to 7 cents a share from 6 cents a share. The maker of shoes said the dividend is payable March 15 to stockholders of record as of Feb. 27.

Textron Inc. (TXT) said it now expects fourth-quarter earnings from continuing operations will be above its prior outlook of $1.35 a share to $1.45 a share. The company said its improved view is due to stronger financial performance at Cessna, Textron Systems and Textron Financial and a lower tax rate.

UnionBanCal Corp. (UB) reported fourth-quarter net earnings of $226.4 million, or $1.61 a share, compared with $308.5 million, or $2.09 a share, in the same period last year. Revenue rose slightly to $672.7 million from $665.2 million.

Washington Post Co. (WPO) raised its annual dividend 5 percent to $8.20 a share from $7.80 a share.

Xilinx Inc. (XLNX) said its quarterly profit rose 8 percent from a year ago, but its sales were soft. Xilinx reported fiscal third-quarter net income of $87.5 million, or 26 cents a share, compared to net income of $81 million, or 23 cents a share, in last year's same period.

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