Stocks in Focus for Tomorrow

By MarketWatch
SAN FRANCISCO (MarketWatch) -- All eyes will be on General Motors Wednesday as the market awaits news on the automaker's fate at the hands of its bondholders. Other companies whose shares are expected to see active trade are Staples, AutoZone, Ralph Lauren and Tivo.

General Motors /quotes/comstock/13*!gm/quotes/nls/gm (GM 1.33, -0.11, -7.64%) is working against the clock to convince bondholders to swap their debt for stock. According to the deal proposed by GM, bondholders would get 225 shares of common stock for every $1,000 in debt they hold. Full story on GM debt-for-equity swap

Staples Inc. /quotes/comstock/15*!spls/quotes/nls/spls (SPLS 21.25, +0.86, +4.22%) is expected to report first-quarter earnings of 22 cents a share, according to a consensus survey by FactSet Research.

AutoZone Inc. /quotes/comstock/13*!azo/quotes/nls/azo (AZO 164.47, +1.63, +1.00%) is projected to post third-quarter earnings of $2.88 a share.

Polo Ralph Lauren /quotes/comstock/13*!rl/quotes/nls/rl (RL 54.85, +0.47, +0.86%) is forecast to report fourth-quarter earnings of 42 cents a share.

Tivo Inc. /quotes/comstock/15*!tivo/quotes/nls/tivo (TIVO 7.40, +0.12, +1.65%) is likely to post a loss of 6 cents a share in the first quarter.

Analysts estimated American Eagle Outfitters /quotes/comstock/13*!aeo/quotes/nls/aeo (AEO 14.30, -0.18, -1.24%) to post earnings of 7 cents a share in the first quarter.

Chico's FAS /quotes/comstock/13*!chs/quotes/nls/chs (CHS 8.79, -0.06, -0.68%) is expected to post earnings of 7 cents a share in the first quarter.

Cracker Barrel Old Country Store is projected to report earnings of 44 cents a share in the third quarter.

Ubisoft , the Europe-based publisher of games such as Prince of Persia and Rayman, is scheduled to release fourth-quarter results.

After Tuesday's closing bell, Take-Two Interactive Software Inc. /quotes/comstock/15*!ttwo/quotes/nls/ttwo (TTWO 8.60, -0.23, -2.61%) reported it swung to a second-quarter net loss of $10.1 million, or 13 cents a share, on a sharp drop in video-game sales stemming from a tough comparison. In the same quarter last year, the company had reported earnings of $98.2 million, or $1.29 a share. Excluding charges related to stock-option expenses and some one-time items, the company said it would have lost $2.9 million, or 4 cents a share, in the recent quarter. Revenue fell 57% to $229.7 million. Analysts were expecting a loss of 13 cents a share on revenue of $218.3 million, according to consensus estimates from Thomson Reuters. Full story on Take-Two results

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Borders Group /quotes/comstock/13*!bgp/quotes/nls/bgp (BGP 2.38, -0.19, -7.39%) reported its first-quarter loss widened to $86 million, or $1.44 a share adjusted, from a loss of $31.7 million, or 50 cents a share adjusted, in the same quarter last year. The quarterly loss includes $1.17 a share of non-operating charges, the book retailer said. "We continued to strengthen the financial structure of the company by making further improvements to cash flow, debt and adjusted EBITDA," said Chief Executive Ron Marshall in a statement. "At the same time, we know that we cannot save our way to prosperity. Our long-term success will come from doing a much better job of driving sales and that's where our focus is right now," he added. Revenue totaled $650.2 million, down from $735.8 million a year earlier.

Cree Inc. /quotes/comstock/15*!cree/quotes/nls/cree (CREE 30.45, +2.68, +9.65%) raised its fiscal fourth-quarter outlook because of stronger-than-expected orders. The company sees fourth-quarter earnings of 7 cents to 9 cents a share, or 15 cents to 17 cents a share adjusted, on revenue of $143 million to $150 million. Analysts surveyed by FactSet Research estimate earnings of 9 cents a share on revenue of $139.2 million.

Donaldson Co. /quotes/comstock/13*!dci/quotes/nls/dci (DCI 30.25, -3.02, -9.08%) said its fiscal third-quarter profit fell to $26.6 million, or 34 cents a share, from $46 million, or 57 cents a share, in the year-ago period. Revenue declined to $413.4 million from $587.8 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 30 cents a share on revenue of $437.4 million. The filtration systems maker said it expects 2009 revenue of $1.8 billion to $1.9 billion, compared to analysts' estimates of $1.96 billion