Earning Watch For October 18 (GE, MS, SLB, HON, STI)

(RTTNews) - Diversified conglomerate General Electric Co. (GE) is expected to report third quarter results before the markets open. The Fairfield, Connecticut-based company is expected to report earnings of $0.35 per share, slightly down from the prior year's $0.36 per share. Further, the company is anticipated to generate revenues of $35.96 billion, a decline from $36.35 billion reported a year ago. The shares of GE closed Thursday's trade at $24.68. (52-wk H/L $24.95/$19.87)

Schlumberger Ltd. (SLB) is due to report its third quarter results. The oilfield services company's earnings are projected to rise to $1.24 per share from $1.08 per share reported last year, while quarterly revenues are anticipated to increase to $11.58 billion from last year's $10.61 billion. The company's shares closed Thursday's trade at $91.43. (52-wk H/L $92.40/$66.85)

Diversified manufacturing company Honeywell International, Inc. (HON) is slated to report third quarter results before the start of trading. The company is expected to post earnings of $1.24 per share, higher than the year-ago quarter's $1.20 per share. The company is also expected to generate revenues of $9.92 billion, up from $9.34 billion in the prior-year quarter. The company's shares closed Thursday's session at $86.74. (52-wk H/L $87.55/$58.29)

Morgan Stanley (MS) is expected to report results for the third quarter before the markets open. The company is expected to post earnings of $0.40 per share, compared to a loss of $0.55 per share last year. Also, the company is anticipated to generate revenues of $7.70 billion compared to $5.29 billion in the prior-year quarter. The shares closed Thursday at $28.93. (52-wk H/L $29.50/$15.95)

SunTrust Banks, Inc. (STI), a diversified financial services holding company, is scheduled to report results for the third quarter. The earnings of the bank are expected to decline sharply to $0.69 per share from $1.98 per share last year. Further, revenues are anticipated to fall to $2.07 billion from $3.84 billion a year earlier. On the NYSE, the company's shares closed Thursday at $34.03. (52-wk H/L $36.29/$25.30)

Baker Hughes (BHI), First Niagara Financial Group Inc. (FNFG), Genuine Parts Co (GPC), Ingersoll-Rand PLC (IR), Kansas City Southern (KSU) and Parker Hannifin Corp. (PH) are also scheduled to report their results.