More earnings from a busy day on Wall Street:
Visa Inc. (NYSE:V) is expected to announce earnings of $1.50 a share when it reports results after the market closes this afternoon. The company’s revenues are expected to rise to $2.48 billion for the three months. In the same period in 2011 the company earned $1.46 per share and brought in revenues of $2.25 billion. Investors will be watching the results closely after the firm’s main competitor, Mastercard, announced its earnings this morning. Their statement showed increased market share at the expense of Visa. An improved credit situation in the United States, as reported by the financial institutions, is being balanced by crisis in Europe spelling difficult times ahead for the company.
The Allstate Corporation (NYSE:ALL) will announce earnings of $1.11per share on revenue of $6.44 billion this afternoon according to analysts. The firm’s stock was down slightly in trading today with investors clearly anxious about this evenings earnings report. The firm, which is one of the biggest insurers in the United States, is hoping for a return to form after a difficult few years. In the fourth quarter of 2011 the company’s earnings more than doubled to $1.39 per share from the year before. Investors have kept the company’s stock on an upward trend since then though the future of the stock will heavily depend on today’s report.
Dreamworks Animation Skg Inc. (NASDAQ:DWA) is expected to earn 9 cents per share in the first quarter on revenue of $134.3 million. The company’s reported earnings in the same period last year were slightly higher per share at ten cents but revenue was markedly lower coming in at just $108 million. The firm is staying stable in what has always been a fickle industry.. Its main rival, Pixar, was purchased by Disney in 2006 and most of the firm’s competitors are, like Pixar, parts of the larger media conglomerations.
Whole Foods Market Inc. (NASDAQ:WFM) was trading slightly down today as it gears up for its earnings announcement. The firm is expected to post per share earnings of 59 cents per share on revenue of $2.65 billion. The Texas company posted earnings of 51 cents per share in the same three months last year collecting revenue of $2.35 billion. the company is hopong to continue growth this year on stronger consumer spending and a perceived higher demand for its products. The company owns a chain of organic and natural retail food store across the United States.