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Stocks to watch Tuesday: Coinstar, Liberty Media

WASHINGTON (MarketWatch) -- Among the stocks that could see active trade in Tuesday's session are Coinstar Inc., Liberty Media Corp. and Apollo Group Inc.

H&R Block Inc. (HRB) , Sealy Inc. (ZZ) , Robbins & Myers Inc. (RBN) , Aerovironment Inc. (AVAV) , TigerLogic Corp. (TIGR) and LDK Solar Co. (LDK) are the main companies scheduled to report quarterly financial results Tuesday.

Standard & Poor's said Seagate Technology PLC(STX) will take the place of Progress Energy Inc. (PGN) in the S&P 500 Index (SPX) after the close of trading on June 29. Necessitating the change is the acquisition of Progress Energy by Duke Energy Corp. (DUK) , a deal now close to completion, S&P said.

Also late Monday, Coinstar (CSTR) quantified the bottom-line impact of its now-complete acquisition from NCR Corp. (NCR) of its self-service kiosk business for renting digital video discs. Bellevue, Wash.-based Coinstar intends to combine the business with its own Redbox DVD rentals subsidiary. For 2012, the company sees the deal lowering its earnings from continuing operations to the tune of 40 cents to 50 cents a share while increasing capital spending by between $40 million and $45 million. These reflect the company's plans to swap out acquired kiosks for new Redbox kiosks, with Coinstar in turn expecting the deal to begin contributing to earnings "sometime in 2013," said Scott Di Valerio, chief financial officer, in a statement. Terms of the deal called for Redbox to pay NCR $100 million and assume certain liabilities. In addition, NCR will supply Coinstar, Redbox or an affiliate with products and services over five years.

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, Rosetta Genomics Ltd. (ROSG) plans to put up an unspecified number of shares for sale, according to a Securities and Exchange Commission filing. Proceeds will be used to fund operations and for general corporate purposes, the maker of microRNA-based diagnostic products said.

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.