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Tomahawk, WI 10/18/2011 (PennyPayDay) – Footwear and accessories company Crocs now sees third-quarter earnings of 31 cents to 33 cents a share, well below previous guidance for a profit of 40 cents a share. Revenue is expected to range between $273 million and $275 million, below a prior projection of $280 million.

The average estimate of analysts polled by Thomson Reuters is for earnings of 40 cents a share in the quarter on revenue of $280.5 million.

Shares were plunging 33.9% to $17.60.

Computer-services company International Business Machines reported third-quarter revenue of $26.20 billion, falling short of the average analyst estimate of $26.30 billion. The company reported third-quarter earnings of $3.28 a share, beating the average analyst estimate of $3.22 a share.

Shares were tumbling 4.2% to $178.74.

Bank of America reported third-quarter profit of 56 cents a share, beating the average analyst estimate of 19 cents..

Shares were adding 2.3% to $6.17 in premarket trading Tuesday.

Goldman Sachs reported a third-quarter loss of 84 cents a share. Analysts were expecting a loss of 16 cents.

Shares were rising 0.8% to $97.65 after some relieved investors felt the number wasn't as bad as they had expected.

Virtualization software provider VMware reported third-quarter profit of 53 cents a share, topping the Wall Street consensus target of 50 cents.

Shares were up 0.7% to $90.15.

Soda giant Coca-Cola earned an adjusted third-quarter profit of $1.03 a share, a penny above analysts estimates.

Shares were rising 0.6% to $67.41.

Chipmaker Intel is expected to report third-quarter earnings of 61 cents a share Tuesday, up from 52 cents a share a year ago.

Shares were down 0.4% to $23.18.

Internet firm Yahoo! is expected by analysts to report third-quarter earnings of 17 cents a share Tuesday, down from earnings of 29 cents a share a year ago.

Shares were up 0.3% to $15.74.

iPhone and iPad maker Apple is expected to report fourth-quarter earnings of $7.39 a share after the markets close Tuesday, up from $4.64 a share a year ago.

Shares were up 0.1% to $420.50.

Pharmaceutical, biotechnology products and consumer products maker Johnson & Johnson reported third-quarter profit of $1.24 a share, beating the average analyst estimate of $1.21 a share.

Shares were flat at $63.80.

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