(By Mayur Pahilajani - iStockAnalyst Writer)(By Mayur Pahilajani - iStockAnalyst Writer)

New York, NY - Some of the market movers are likely to turn Wall Street volatile with mixed earnings reports as the companies emerge from the financial crisis in September and 16-month long credit crunch.

L-3 Communications Holdings Inc (NYSE: LLL):

The aerospace and defense communications company is expected to post earnings on Thursday at 11:00 am ET for the third quarter, which the market analysts on Wall Street expect to turn markets bullish. The stock of the firm has looked strong over the last few months and the company has sustained better finances. Recently, reports said the company is expected to receive 2.4 million in federal funding for L-3 Communications' Predator program. The program is considered as an important upgrade to the training system used by U.S. Air Force pilots in Iraq and Afghanistan. There are other large contracts that the company has received during the quarter from the government. The company's Board declared a quarterly cash dividend of $0.30 per share, payable on December 15, 2008 to shareholders, early October. During after hours, the company was trading down $2.16 or 2.63 percent to $79.84, after it closed at $82 on Wednesday.

Td Ameritrade Holding Corp. (NASDAQ GS: AMTD):

The company is expected to report its quarterly results on fiscal fourth quarter and year-end results on Thursday at 8:30 a.m. Eastern Time. The market analysts are expecting the company's earnings to get hit after Federal Reserve funds rate was lowered and due to other market crisis concerns. In June, the company had reported that a quarter-point interest rate cut by the Federal Reserve may reduce its earnings on annual basis by 2 cents per share. Some market analysts including BMO Capital Markets analyst Michael Vinciquerra have slashed their 2009 earnings projection down by 6 cents to $1.32 per share. Shares were moving down by 90 cents or 6.98 percent to $12.00 in pre-market trading.

Radioshack Corp (NYSE: RSH):

Radioshack Corp. is expected to post third quarter earnings on Thursday at 9:00 am Eastern Time. The market analysts on Wall Street are expecting the firm to post third quarter earnings per share higher by 30 cents to 36 cents, led by the sales of converter boxes in the quarter. The company is expected to post revenue of $987.93 million on an average. RBC Capital Markets analyst Scot Ciccarelli has lowered his 2008 earnings per share estimate for Radioshack by 10 cents to $1.70, last week. The analysts have lowered fourth quarter earnings forecast for the company to  $1.55 per share from $1.80 per share. Shares moved down by $1.03 or 7.30 percent to $13.08 in pre-market, after closing down at $14.11 on Wednesday.

Precision Drilling Trust (NYSE: PDS):

Precision Drilling Trust is expected to report third quarter results on Thursday at 7:00 a.m. ET. It is expected to take charges from its recent purchase of Houston-based gas driller Grey Wolf Inc. in a cash and stock deal, which is worth around $2 billion. The U.S. federal regulators recently authorized the firm to takeover Grey Wolf, but it is subject to other approvals, including authorization by Grey Wolf shareholders. The company is expected to pay $1.12 billion in cash and 42 million shares valued at $663 million. The company may have an indirect impact on its earnings due to highly volatile oil prices during the quarter. Shares were down by $1.33 or 11.48 percent at $10.26.

Potash Corporation of Saskatchewan Inc. (NYSE: POT):

The company reported higher third quarter earnings of 3.93 per share or $1.24 billion, compared to the $0.75 per share or $243.1 million, earned in the same period last year. The firm said the third quarter earnings exceeded $3.40 per share  or $1.1 billion, earned in the full-year 2007. Added by significantly higher prices for all our potash, nitrogen and phosphate products, gross margin for the third quarter increased to a record $1.7 billion, up from $475.1 million in the third quarter of 2007. The company said its operating income was $1.3 billion, up from the $336.7 million generated in the same period last year. Shares of the firm were down by $6.26 or 8.53 percent to $67.10. The stock had closed at $73.36.

The New York Times Company (NYSE: NYT):

The newspaper company is expected to report third quarter earnings before the market opens on Thursday. The market analysts are expecting the company to post earnings per share of 4 cents with revenue of $691.72 million. The firm had reported net income of 9 cents per share on revenue of $754.4 million in the third quarter of 2007. The company has been downgraded to "Sell" rating by some analysts, while others have the firm on "Hold" rating. The firm had indicated that its revenue for the month of August declined by 8.8 percent. Shares of the company were down by $1.20 or 10.10 percent at $10.68, after closing at $11.88 on Wednesday.

Starwood Hotels & Resorts World (NYSE: HOT):

The third-largest U.S. lodging company announced that its third quarter declined by 12 percent to $113 million, or 62 cents a share, from $129 million, or 61 cents. The company's revenue was almost flat at $1.54 billion. Income from continuing operations was $113 million in the third quarter of 2008 compared to $129 million in 2007. Excluding a $22 million restructuring charge, continuing operations income was $129 million for the third quarter this year, compared to $143 million in 2007. The market analysts on Wall Street were expecting the company to post earnings of 53 cents per share on revenue of $1.51 billion. The White Plains, New York-based company also adjusted its full-year earnings to be $2.07 to $2.13 a share, compared to $2.17 to $2.32 a share it projected in July. In the quarter, the Company signed 36 hotel management and franchise contracts in the quarter representing around 8,000 rooms, according to its statement. The firm also repurchased around 3.7 million shares at a cost of $134 million during the quarter. Shares dropped during pre-market trading by $1.05 or 5.19 percent to $19.20.

Bunge Limited (NYSE: BG):

The agribusiness company reported on Thursday that its third quarter profit declined by 33 percent to $234 million, or $1.70 per share, compared to profit of $343 million or $2.70 per share, in 2007 period. Sales surged by 52 percent to $14.8 billion. The company, however, maintained its 2008 full-year earnings guidance of $11.60 to $11.90 per share, assuming an effective tax rate range of 24 percent to 28 percent. Bunge and Corn Products currently anticipate that the special shareholders' meetings of both companies will be held in mid to late December, rather than in November as previously expected, the company said in a statement. "We are disappointed in the performance of the stock prices of the two companies, but Bunge's belief in the strategic rationale for the merger is unchanged," the firm said. Shares turned sharply lower by $5.72 or 13.96 percent to $35.25, after closing at $40.97 on Wednesday.

The Black & Decker Corporation (NYSE: BDK):

The company is expected to post third quarter earnings before market open on Thursday. The firm is expected to post a profit of $1.30 per share with revenue of $1.53 billion. In the month of July, the firm maintained its full year earnings for 2008, while reported further cost cuts during the quarter amid slumping credit crunch, higher fuel charges, rising inflation and weakening consumer spending. Shares of the firm were trading down by $2.51 or 4.83 percent at $49.47. The stock had closed at $51.98 on Wednesday.

IMS Health Inc (NYSE: RX):

A healthcare and pharmaceutical market researcher reported 33 percent higher net income at $75.9 million, compared with $57.1 million in the year-earlier quarter. Revenue was up by 3 percent to $573.7 million from $538.8 million. Excluding special items, earnings per share for this year's third quarter would have grown to $0.43, and up by $0.07 on year over year basis. The market analysts had expected the firm to earn 38 cents per share in the third quarter. Operating income in the third quarter of 2008 was $124.0 million. For the first nine months of 2008, the company said revenues were up by $1,748.6 million with earnings per share was $1.16, compared with $1.08 in the year-earlier period. Shares of the firm turned down on overall negative sentiment in the market by $1.27 or 8.47 percent to $13.73.

Diamond Offshore Drilling, Inc (NYSE: DO):

The firm reported on Thursday that its net income increased in the third quarter to $310.65 million or $2.23 per share, compared to $205.52 million or $1.48 per share reported a year ago in the same period. The market analysts on Wall Street were expecting the firm to post earnings of $2.23 per share during the quarter. The company said its total revenues increased to $900.38 million, compared to $643.96 million in the year-earlier period. The market analysts were expecting the company to post revenue of $873.97 million in the quarter. The contract drilling services provider also announced on Thursday that it has increased special cash dividend of $1.875 per share and a regular quarterly cash dividend of $0.125 per share. The firm said the dividends are payable on December 1, 2008 to shareholders of record on November 3, 2008. It has paid cash dividends of $1.25 per share during the last four quarters. Shares of were down by $11.52 or 15.18 percent to $64.39 before the market, after closing at $75.91.

Eli Lilly and Company (NYSE: LLY):

The drugmaker that is expected to takeover ImClone Systems Inc., posted a net loss in the third quarter on a charge of almost $1.50 billion from the settlement of an investigation into the marketing of its leading antipsychotic medicine, Zyprexa. The firm said its net income declined $465.6 million, or 43 cents a share in the third quarter, compared to its profit of $926.3 million, or 85 cents, a year earlier in the same period. Excluding the settlement charges, the firm reported that its net income was higher by $1.04 per share. The market analysts on Wall Street had expected the firm to post a profit of $1.02 per share in the quarter with revenue of $5.09 billion. The company said its sales increased by 14 percent to $5.21 billion, compared to $4.59 billion in the same period last year. The firm said its full-year 2008 earnings to be down between $2.44 to $2.49 per share range, compared to its earlier projection of $3.79 to $3.94 per share; compared to $2.71 earnings per share posted in 2007. Shares of were down by $1.57 or 4.66 percent to $32.11 on Thursday, after it closed at by $33.68 on Wednesday.

Raytheon Co (NYSE: RTN):

Defense contractor Raytheon Co. posted higher second quarter earnings on Thursday, led by sales and lower pension expenses. The profit of the world's largest missile maker increased by almost 42 percent to $427 million, or $1.01 a share, compared to $380 million, or 86 cents, a year earlier in the same period. The Waltham, Massachusetts-based company said its revenue from sales increased by 12 percent to $5.8 billion, led by higher sales of radar and missile systems. The market analysts on Wall Street had expected the firm to post earnings of 96 cents per share in the quarter. The firm also said it expects 2008 earnings in the range of $3.95 to $4.00 per share, which is higher from its previous estimation of $3.80 to $3.95 per share. But the market analysts are still expecting the company to report full year earnings at $4.01 per share. The firm forecasts 2008 revenue to be higher in a range of $22.9 billion to $23.2 billion, from its previous projection of $22.6 billion to $23.1 billion. The analysts expect the firm to report revenue on sales of around $23.2 billion in 2008 year. Shares of the company were down 57 cents or 1.27 percent to $44.15 on overall negative market sentiment on Thursday. The stock had closed at $44.72 on Wednesday.

LSI Industries Inc (NASDAQ GS: LYTS):

The firm reported that its fiscal 2009 first quarter net income declined by as much as 61 percent at $2,687,000, or $0.12 per share, compared to the $6,953,000, or $0.32 per share, reported last year in the same period. The firm said its sales in the first quarter of fiscal 2009 was down by 16 percent to $75,838,000, compared to last year's first quarter net sales of $90,001,000. The company's Lighting Segment sales rose by 6 percent to $50.7 million, while Graphics Segment sales dropped by 40 percent to $25.1 million in the quarter. The firm said it continues to expect fiscal 2009 earnings of $0.29 to $0.36 per share on revenue of $290.0 million to $310.0 million. "Although our first quarter operating results were ahead of both our internal estimate and the financial community's consensus estimate, it is clear that we are facing challenging economic conditions," Robert J. Ready, President and Chief Executive Officer, said in a statement on Thursday. He added, "Therefore, we are not revising our fiscal 2009 guidance." Shares of the firm were down by 39 cents or 6.67 percent to $5.46 on Thursday in pre-market trading. The stock had closed at $5.85 on Wednesday.