By Sue Chang, MarketWatch
SAN FRANCISCO (MarketWatch)--Among the companies whose shares are expected to see active trade in Monday's session are McKesson Corp., Elizabeth Arden Inc., and Rackspace Hosting Inc.
McKesson (MCK) is projected to report fourth-quarter earnings of $2.39 a share, according to a consensus survey by FactSet. "We continue to point to the positive fundamental outlook for the drug distribution industry, and believe several key factors should continue to drive strong growth for McKesson going forward," analyst Lisa Gill at J.P. Morgan said in a report.
Elizabeth Arden (RDEN) is forecast to break even on a per-share-basis in the third quarter.
Rackspace Hosting Inc. (RAX) is expected to post first-quarter earnings of 12 cents a share. Analysts at D.A. Davidson & Co. on Friday maintained their neutral rating on Rackspace, saying that given its current valuation, there is limited upside for the stock.
Shares of American International Group Inc. (AIG) and American Express Co. (AXP) may also attract attention. The companies are scheduled to hold their annual general meetings on Monday.
-Sue Chang; 415-439-6400; AskNewswires@dowjones.com
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05-11-14 0519ETCopyright (c) 2014 Dow Jones & Company, Inc.
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