Amazon Shipping Earnings Out Thursday

What's Happening with AMZN: Amazon.com is expected to ship earnings for the second quarter after the market close on Thursday. Analyst's estimates for the quarter run from a low of losing 23 cents per share to a high of 22 cents per share. The consensus estimate comes in at earnings of 2 cents per share, a substantial decrease from the year ago quarter when the company reported per share earnings of 41 cents. Revenue for the quarter is expected to rise however, with a reading of $12.90 billion. In the prior year's second quarter the company reported revenue of $9.91 billion. For the year revenue is projected to be rise 31.5% lower at $63.24 billon.

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Express Scripts Signs New Deal With Walgreen

What's Happening with ESRX: Express Scripts and Walgreen (WAG) recently announced a new multi-year agreement bringing an end to the seven month dispute that had turned caused millions to leave Walgreens for their prescriptions filled. Financial terms of the agreement were not disclosed but Express Script clients will once again be able to get prescriptions filled at Walgreen beginning in September. Walgreen left the Express Scripts network at the beginning of the year after the companies were unable to reach a new deal over reimbursement rates for dispensing prescriptions.

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EMC Corporation Earnings Expected Tuesday

What's Happening with EMC: EMC Corp will take its turn in the earnings spotlight before the market open on Tuesday. Analysts will be looking for earnings for the second quarter of 39 cents per share, a slight increase from the 35 cents per share reported in the prior year's second quarter. The current estimate has moved down from 40 cents per share in the past week after holding steady at that level three months ago. Analysts will be looking for revenue to come in around $5.29 billion, a better than 9% rise from the year ago quarter when the company reported revenue of $4.85 billion. For the year analysts are looking for a 10.3% rise in revenue to $22.07 billion with per share earnings at $1.72.

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Viacom Channels Get Back on DirecTV

What's Happening with VIAB: Viacom and DirecTV (DTV) reached an agreement that ends the dispute over programming fees and restores channels like Nickelodeon, Comedy Central and MTV to the satellite TV provider after a 10 day blackout. Financial terms were not disclosed, but DirecTV said that under the "long-term agreement," its customers will be able to watch Viacom programming on their laptops and other handheld devices. While fee disputes are common in the pay-TV industry, this one was particularly significant because it pitted one of the nation's largest cable-network owners against the country's second-largest pay-television operator, with about 20 million subscribers.

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Aflac Earnings Fly Tuesday

What's Happening with AFL: Aflac will report earnings for its second quarter on Tuesday after the market close. The consensus estimate is for the company to post a profit of $1.61 per share, a small increase from the $1.56 per share reported a year ago. The consensus estimate has risen from the $1.60 level over the past month but has fallen below the $1.63 per share from three months ago. Analysts are expecting earnings to rise above the year ago figure of $5.09 billion with a reading of $6.27 billion for the current quarter. For the fiscal year, revenue is projected to fly in at $25.44 billion with per share earnings hitting $6.56.

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