A handful of companies will report quarterly earnings this week, including Oracle Corp. and smaller software company Adobe Systems Inc.
Oracle, which stood out among the technology crowd with better-than-expected earnings in the previous quarter of 15 cents a share, is expected on Thursday to post a profit of 8 cents a share for its fiscal first quarter, according to Thomson Financial/First Call.
Analysts are looking for profit of 28 cents from Adobe when the company reports fiscal second-quarter results Thursday. The company exceeded forecasts in the previous quarter with help from the release of Adobe Acrobat 5.0.
CKE Restaurants Inc., the Anaheim-based owner of the Carl's Jr. and Hardee's hamburger chains, is expected Friday to report a loss of 29 cents a share for its fiscal second quarter. The company already has reported losses for six quarters in a row.