Earnings Watch For April 30 (TWX, WLP, ELX, FLEX, MET, WDC)

(RTTNews) - New York-based Time Warner Inc. (TWX) is slated to report results for the first quarter before the opening bell. The media and entertainment giant is expected to report a profit of $0.88 per share, higher than the $0.76 per share reported last year. However, revenues are projected to decline to $6.61 billion from $6.94 billion reported a year ago. The shares closed Tuesday at $64.74. (52-wk H/L $70.77/$55.71)

Health insurer WellPoint Inc. (WLP) is due to post its first quarter results. The earnings of the company are expected to fall to $2.13 per share from the $2.94 per share reported a year earlier, whereas quarterly revenues are projected to rise to $17.96 billion from last year's $17.55 billion. On the NYSE, WLP closed Tuesday's trade at $95.39. (52-wk H/L $102.56/$72.05)

Networking products provider Emulex Corp. (ELX) is expected to report results for the third quarter. The company is expected to post earnings of $0.15 per share compared to $0.20 per share reported a year ago while revenues are expected to decrease to $112.95 million from $116.79 million last year. The company's shares closed Tuesday's session at $7.23. (52-wk H/L $8.99/$5.76).

Contract electronics manufacturer Flextronics International Ltd. (FLEX) is scheduled to post its fourth quarter results after the markets close. The earnings of the company are expected to rise to $0.20 per share from $0.13 per share reported a year earlier. Quarterly revenues are projected to increase to $6.10 billion from last year's $5.30 billion. The shares of FLEX closed Tuesday's trade at $8.93. (52-wk H/L $9.71/$6.76)

New York-based MetLife, Inc. (MET) is expected to report results for the first quarter. The earnings of the US life insurer are expected to decline to $1.40 per share from the prior year's $1.48 per share. But, revenues are projected to increase to $17.67 billion from last year's $16.98 billion. The shares closed Tuesday at $51.84. (52-wk H/L $54.80/$38.37)

Hard-drive maker Western Digital Corp. (WDC) is slated to report results for the third quarter. The earnings of the company are expected at $1.88 per share, down from the $2.10 per share reported a year earlier, while quarterly revenues are anticipated to decrease marginally to $3.74 billion from last year's $3.76 billion. The shares closed Tuesday at $87.45. (52-wk H/L $95.00/$54.50)

Boyd Gaming (BYD), CBRE Group, Inc. (CBG), Charles River (CRL), Emulex (ELX), Fidelity Financial (FNF), Flextronics (FLEX), Jack Henry (JKHY), JDS Uniphase (JDSU), Lincoln National (LNC), MetLife (MET), Murphy Oil (MUR), Western Digital (WDC), Williams Companies (WMB) and Williams Partners (WPZ), Automatic Data Processing Inc. (ADP), Barrick Gold Corp (ABX), Dominion Resources Inc (D), Exelon Corp (EXC), Hospira Inc (HSP), Hyatt Hotels Corp. (H), IAC/InterActiveCorp (IACI), International Paper (IP) and Level 3 Communications, Inc. (LVLT) are also due to report their results.