Earnings Preview For May 6-May 10: Disney (DIS), Groupon (GRPN), News Corp (NWSA), DISH Network (DISH)

Category: Companies / May 03, 2013 6:11PM EDT
Of the 75 percent of S&P 500 companies that have reported quarterly earnings results so far, almost 70 percent have beat expectations, based on estimated provided by Thomson Reuters. I’m Jessica Menton Reporting from the New York Stock Exchange with a preview of earnings report watch for May 6th through May 10th. Analysts polled by Reuters expect Sysco Corp. (NYSE: SYY) to report poor third-quarter earnings on Monday before the bell, with the consensus estimate coming in at 43 cents per share. The company has reported decreasing profit for three quarters in a row. Tyson Foods, Inc. (NYSE: TSN) is also reporting earnings on Monday. After the market closes Tuesday, The Walt Disney Company (NYSE: DIS) is expected to report second-quarter earnings of 76 cents per share on revenue of $10.49 billion. Other reports to watch for on Tuesday include DirecTV (Nasdaq: DTV) and Whole Foods Market Inc. (Nasdaq: WFM). On Wednesday, Groupon Inc. (Nasdaq: GRPN) is predicted to release first-quarter earnings up from a year ago with the company forecast to report 3 cents per share on revenue of $588.92 million, compared with a profit of 2 cents a share on revenue of $559.28 million in the year-ago period. Also on Wednesday, News Corp. (Nasdaq: NWSA) is scheduled to release third-quarter results after the bell, and analyst forecast the media company to report revenue of nine billion, compared to the 8 billion it reported in the year ago quarter. Finally, on Thursday before the bell, economists predict Dish Network Corp. (Nasdaq: DISH) to release first-quarter earnings of 53 cents, compared to a profit of 80 cents a year ago.