Stocks To Watch For May 4 (TWX, CBS, NWSA, MCK, K)

Some of the stocks that may grab investor focus today are: Wall Street expects Time Warner Inc TWX to report its Q1 EPS at $0.57 on revenue of $6.45 billion. TWX shares fell 0.48% to $37.55 in after-hours trading. CBS Corp CBS reported its Q1 net income at $202 million, or $0.29 per share, versus a loss of $26 million, or $0.04 per share, in the year-ago period. The company's last year net income came in at $0.05 per share after excluding special items. The company's revenue declined to $3.51 billion. However, analysts were expecting earnings of $0.19 per share on revenue of $3.46 billion. The company raised its quarterly dividend to $0.10 per share from $0.05 per share. CBS shares jumped 4.99% to $26.50 in the after-hours trading session. Analysts are expecting News Corp NWSA to have earned $0.27 per share on revenue of $8.42 billion in the third quarter. NWSA shares gained 0.11% to $17.54 in after-hours trading. McKesson Corp MCK reported a higher-than-expected FQ4 profit. The company posted its quarterly net profit at $422 million, or $1.62 per share, versus a profit of $348 million, or $1.26 per share, in the year-earlier period. Excluding acquisition-related expenses of $0.04 per share for McKesson's purchase of US Oncology, the company's earnings came in at $1.66 per share, versus analysts' estimates of $1.60 per share. McKesson projects FY12 adjusted earnings of $5.55 to $5.75 per share. MCK shares fell 1.72% to $81.70 in the after-hours trading session. Analysts expect Kellogg Co K to report its Q1 EPS at $1.03 on revenue of $3.40 billion. Kellogg shares dropped 0.03% to $57.42 in after-hours trading. Trading Ideas.