NEW YORK (CNN/Money) -
Investors will chew over earnings statements from a number of hefty companies before the bell Tuesday as they await the release of key economic indicators mid morning.
Companies releasing earnings before the bell Tuesday include Anthem (ATH: Research, Estimates), DuPont (DD: Research, Estimates), Lockheed Martin, (LMT: Research, Estimates) Medco Health Solutions (MHS: Research, Estimates), Safeway (SWY: Research, Estimates), U.S. Steel (X: Research, Estimates) and Verizon (VZ: Research, Estimates).
Analysts predict earnings per share of 81 cents at DuPont, 61 cents at Lockheed Martin, 37 cents a share at Safeway and 60 cents a share at Verizon, according to Reuters estimates.
Data for July's new home sales and July consumer confidence is due Tuesday morning at 10 a.m., helping to further check the nation's economic pulse.
Consumer confidence is expected to come in at 102.3, up from 101.9 in June, according to Briefing.com
New home sales for July are expected to be 1,278,000, down from 1,369,000 in June, according to Briefing.com. However, investors may be anxiously watching these numbers for signs of faster growth as Monday's data on existing home sales came in much stronger than anticipated.
In earnings statements released after the bell Monday, Silicon Laboratories Inc (SLAB: Research, Estimates). reported a higher quarterly net income but said third-quarter revenue would fall below Wall Street estimates.
The news sent shares plummeting more than 20 percent in after-hours trading to $31.14.
Credit card issuer Providian Financial Corp (PVN: Research, Estimates). said on Monday its second-quarter earnings rose because of improved credit performance, reduced operating costs and growth in lending.
Its shares were up slightly to $13.90 after the bell.
The San Francisco-based provider of credit cards said it earned $69.7 million, or 24 cents per share, compared with $39 million or 13 cents a share, a year earlier.
U.S. home builder and mortgage company Centex Corp (CTX: Research, Estimates). on Monday said quarterly profit rose 24 percent, in part from higher home prices, and the company raised its outlook for the fiscal year.
Dallas-based Centex said that earnings rose to $177.2 million, or $1.35 a share in the fiscal first quarter ending June 31, 2004, from $142.8 million, or $1.12 per share, in the year-earlier quarter.
In other news, Cardinal Health Inc (CAH: Research, Estimates). said Monday J. Michael Losh was named chief financial officer, succeeding Richard Miller who resigned.
Its shares were down slightly to $50.27 after the bell.
The Dublin, Ohio-based healthcare services company also said it will release fiscal 2004 results in late August or early September.
The U.S. Securities and Exchange Commission charged former Capital One Financial Corp. (COF: Research, Estimates) Chief Financial Officer David Willey on Monday with insider trading resulting in several million dollars of proceeds.
Willey resigned from the McLean, Virginia-based credit card issuer in March 2003 after being notified by the agency of its intention to file a civil action surrounding a series of transactions in Capital One stock in May 2002.
And sporting goods company Huffy Corp (HUF: Research, Estimates). said Monday it received notice of possible delisting from the New York Stock Exchange because its total market capitalization fell below $50 million for the 30 trading days ended July 21.
Miamisburg, Ohio-based Huffy, known for its backboards and bicycles, said the notice informed the company it was in noncompliance with continued listing criteria on the exchange.
The company said it must now submit a business plan to the exchange that demonstrates compliance with continued listing standards within 18 months.
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