Stocks to watch Tuesday: Coinstar, Liberty Media
WASHINGTON (MarketWatch) -- Among the stocks that could see active trade in Tuesday's session are
H&R Block Inc. (HRB) ,
Standard & Poor's said
Also late Monday, Coinstar (CSTR) quantified the bottom-line impact of its now-complete acquisition from
Liberty Media (LMCA) (LMCB) said it won a federal jury case against Vivendi Universal SA arising from a 2002 commercial transaction between the companies and the former USA Holdings Inc. The jury awarded breach-of-contract and fraud damages amounting to 765 million euros, according to Englewood, Colo.-based Liberty Media. Saying it "strongly disagrees" with the decision, Vivendi plans to "pursue all available paths of action to overturn the verdict or reduce the damages award." Vivendi also said it believes "there are many grounds for appeal and continues to believe strongly that it did nothing wrong" in the dispute. Liberty Media conceded that a judgment won't be entered until the U.S. district court in New York rules on any post-trial briefing but said it's confident the jury award will be ultimately upheld.
In the latest in a series of equity offerings by the Israel-based company,
Monday earnings recap
Apollo Group (APOL) reported a net profit of $134 million, or $1.13 a share, for the third quarter ended May 31, down from $212.4 million, or $1.51 a share, in the year-ago period. Quarterly revenue generated by the Phoenix-based provider of for-profit educational services also fell, to $1.13 billion from the prior year's $1.24 billion. Analysts surveyed by FactSet Research had, on average, been looking for a third-quarter profit of 97 cents a share on revenue of $1.12 billion. On an adjusted basis, Apollo Group said it would have earned $1.20 a share for the latest quarter. The company also updated its full-year forecast, pegging net revenue at $4.2 billion to $4.3 billion; the consensus view stands at $4.28 billion. And operating income for fiscal 2012, on an adjusted basis, is projected at $700 million to $740 million, the company said.