Earnings Preview: LSI Corporation and Raytheon Company Fourth Quarter Earnings Sneak Peek

Earnings estimates for LSI Corporation (NYSE:LSI - News) have been more or less static ahead of the company(TM)s fourth quarter results, expected on January 25, 2012.Meanwhile, although third quarter results for LSI Corp. beat expectations, guidance for the fourth quarter was below expectations due to supply constraints in the Hard Disk Drive (:HDD) business. LSI Corporation expects revenues between $500 million and $550 million in the fourth quarter of 2011. The guidance assumes that approximately $35 million " $45 million will be affected by primarily supply-related constraints, largely affecting the Hard Disk Drive business.Due to manufacturing constraints, management estimates that Hard Disk Drive business will decline over 10% sequentially. [Read the full article]

S&P 500 component Raytheon Company will unveil its latest earnings on Thursday, January 26, 2012. Raytheon provides electronics, mission systems integration and other capabilities to customers in defense, homeland security and other government markets throughout the world.Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.34 per share, a decline of 14.6% from the company(TM)s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.39. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.34 during the last month. Analysts are projecting profit to rise by 9.5% versus last year to $5.05.Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting net income of $1.39 per share against a mean estimate of profit of $1.33 per share.Wall St. [Read the full article]

S&P 500 component Compuware Corp will unveil its latest earnings on Thursday, January 26, 2012. Compuware provides software products and professional services that improve the performance of information technology organizations.Wall St. Earnings Expectations: The average estimate of analysts is for net income of 11 cents per share, a decline of 26.7% from the company(TM)s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 14 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 13 cents during the last month. For the year, analysts are projecting profit of 41 cents per share, a decline of 14.6% from last year.Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported net income of 10 cents per share versus a mean estimate of profit of 10 cents per share. [Read the full article]

S&P 500 component McCormick & Company, Inc. will unveil its latest earnings on Thursday, January 26, 2012. McCormick & Company manufactures flavor products including spices, herbs, extracts, seasonings, flavorings, and other food products.Wall St. Earnings Expectations: The average estimate of analysts is for profit of 97 cents per share, a decline of 2% from the company(TM)s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 98 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 97 cents during the last month. Analysts are projecting profit to rise by 4.9% versus last year to $2.78.Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at net income of 69 cents a share versus the estimate of profit of 65 cents a share. It marked the fourth straight quarter of beating estimates.Wall St. [Read the full article]

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