May 10 (Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the local close yesterday. Stock symbols are in parentheses.

The Dow Jones Stoxx 600 Index lost 0.3 percent to 261.01. The Stoxx 50 slumped 14.78, 0.5 percent, to 2877.98. The Euro Stoxx 50, a benchmark for the 12 nations using the euro, slid 12.16, or 0.4 percent, to 3007.10.

Actividades de Construccion & Servicios SA (ACS SM): Spain's largest builder is scheduled to report first-quarter results. Profit probably was 100.7 million euros ($129 million), according to the estimate of analysts surveyed by Bloomberg. The stock rose 5 cents, or 0.3 percent, to 19.78 euros.

Aem SpA (AEM IM): Milan's electricity and gas utility may have its credit ratings cut by Standard & Poor's Corp. after AEM agreed to buy joint ownership of power producer Edison SpA with Electricite de France SA. The announcement came after the close of trading. AEM shares added 7.2 cents, or 4.4 percent, to 1.71 euros.

Alain Afflelou SA (AAF FP): The eyewear retailer that operates about 690 stores in France said it bought Spanish rival F2L, which operates 14 Alain Afflelou Optico franchises and 70 proprietary stores, for 29 million euros. The shares slipped 1 cent to 23.99 euros.

Antena 3 Television SA (A3TV SM): Spain's second-largest broadcaster is scheduled to report first-quarter results. Net income likely rose to 38.2 million euros from 15.43 million euros a year ago, the estimate of analysts surveyed by Bloomberg showed. The stock lost 10 cents, or 0.6 percent, to 16.35 euros.

Bayer AG (BAY GY): Germany's No. 2 drug and chemical maker will report first-quarter earnings. The company will probably say profit tripled at its plastics division amid rising demand and that each of its three main businesses contributed to the growth, according to analysts surveyed by Bloomberg. The shares added 28 cents, or 1.1 percent, to 26.29 euros.

Clariant AG (CLN VX): The world's second-largest specialty chemical maker releases first-quarter results. Net income probably fell 40 percent to 43 million francs ($35.7 million), according to the estimate of analysts surveyed by Bloomberg, amid costs tied to reorganizing the company's business. The shares fell 10 centimes, or 0.5 percent, to 18.65 francs.

Commerzbank AG (CBK GY): Germany's third-biggest bank by market value will brief journalists on its corporate banking strategy. The lender may cut more jobs at its corporate clients division to further reduce costs, die Welt reported, citing management board member Martin Blessing. The shares rose 5 cents, or 0.3 percent, to 16.47 euros.

Converium Holding AG (CHRN SW), a reinsurer that had a record loss last year after a reserve shortfall, may say first- quarter net income fell 62 percent to $25.5 million from a year ago, following claims from a winter storm, based on the estimate of analysts surveyed by Bloomberg. The shares rose 10 centimes, or 1 percent, to 10.6 francs.

Egis Rt. (EGIS HB): Hungary's No. 2 drugmaker said the country's government has approved its request for tax breaks after investments through 2009. Egis will be able to deduct 35 percent to 40 percent of the cost of its investment from its corporate taxes through the end of the 2009 financial year, the company said in a stock exchange statement. Its shares declined 200 forint, or 1.3 percent, to 14,800.

E.ON AG (EOA GR): The world's largest publicly traded electric utility expects at least 6 billion euros from a sale of its Viterra AG unit, Westdeutsche Allgemeine Zeitung said, citing unidentified people familiar with the sale. Offers for Viterra, Germany's biggest private residential company, were due by noon local time yesterday, the newspaper said. E.ON shares fell 30 cents, or 0.5 percent, to 66.50 euros.

Fiat SpA (F IM): Italy's biggest manufacturer may report the first profit in 14 quarters after Chief Executive Sergio Marchionne received $2 billion from General Motors Corp. to end a failing car-making alliance. Fiat will probably post net income of 650 million euros, according to the estimate of analysts surveyed by Bloomberg. Revenue may have fallen 3 percent to 10.9 billion euros. The shares added 3.2 cents to 5.66 euros.

Fraport AG (FRA GY): The owner of Frankfurt Airport will release first-quarter earnings. Net income probably rose 32 percent from a year ago to 25 million euros, according to the estimate of analysts surveyed by Bloomberg. The shares increased 30 cents, or 1 percent, to 31.80 euros.

Indra Sistemas SA (IDR SM): Spain's largest computer- services company may be active. Caja Madrid, Spain's second- largest savings bank, said it raised its stake in the company to 15 percent from 10 percent by purchasing shares valued at 105.7 million euros. The stock declined 1 cent, or 0.1 percent, to 13.59 euros.

Lundbeck A/S (LUN DC): The Nordic region's No. 2 drugmaker will probably say first-quarter profit dropped 59 percent to 304 million kroner ($52.5 million) because a year-earlier gain wasn't repeated and sales of antidepressants fell. The stock lost 1 krone, or 0.7 percent, at 135 kroner in Copenhagen.

MAN AG (MAN GY): Europe's third-largest truckmaker will release first-quarter earnings. Net income probably almost doubled to 48.5 million euros from 26 million euros a year ago, according to the estimate of analysts surveyed by Bloomberg. The shares added 10 cents, or 0.3 percent, to 33.56 euros.

Media Capital SGPS SA (MCP PL): The Portuguese television and radio broadcaster started a series of presentations to investors in Europe and the U.S. It posted a first-quarter profit last week, as higher advertising sales helped it reverse a year- ago loss. The shares fell 7 cents, or 1.2 percent, to 5.73 euros.

Rational AG (RAA GY): The maker of stoves and cooking accessories will hold its annual shareholder meeting. The company yesterday said profit jumped 60 percent in the first quarter, helped by European demand for a new automated cooker. The shares declined 30 cents, or 0.3 percent, to 90.20 euros.

Santander Central Hispano SA (SAN SM): Spain's largest bank is scheduled to report first-quarter results. Net income rose 28 percent to 1.1 billion euros at the Santander-based lender, according to the estimate of analysts surveyed by Bloomberg. The stock fell 6 cents, or 0.7 percent, to 9.24 euros.

Seat Pagine Gialle SpA (PG IM): Italy's No. 1 publisher of telephone directories is scheduled to release first-quarter earnings. The company said on May 6 it will meet its profit target this year even though slower expansion of some business lines may undercut sales goals. The stock rose 3 percent to 32.4 cents.

Sopra Group (SOP FP): France's fifth-biggest computer- services company by market value said its first-quarter sales rose 18 percent to 173.9 million euros and forecast 2005 sales of more than 700 million euros, from a previous outlook for revenue ``around'' that number. The shares lost 64 cents, or 1.5 percent, to 41.36 euros.

Tamedia AG (TAMN SW): The publisher of Switzerland's second- largest newspaper sold a 70 percent stake in Condor, a producer of television and cinema advertising, to focus on its main business. The holding was acquired by financier Thomas Sterchi and the managing director of Condor, the Zurich-based company said. Terms of the transaction, which took effect last Jan. 1, weren't disclosed. The shares fell 1 franc, or 0.8 percent, to 119 francs.

Teles AG (TLI GR): The German Internet-service provider said it expects to post an operating loss ``in the single-digit million euro region'' this year. The drop will be offset by income of 124 million euros from the sale of its Web-hosting business to Freenet.de in the first quarter, the company said on its Web site. Group revenue will rise by at least 10 percent, Teles said. Teles fell 2 cents, or 0.2 percent, to 9.01 euros.

TUI AG (TUI GY): Europe's largest travel company will release first-quarter results and may say its tourism unit lost 197 million euros in the period before taxes and goodwill. TUI, which gets almost three-quarters of sales from tourism, may say its overall net loss widened to 183 million euros from 150 million euros, according to the analysts surveyed by Bloomberg. The shares lost 5 cents, or 0.3 percent, to 18.90 euros.

United Internet AG (UTDI GY): Germany's second-largest provider of faster Internet access will release first-quarter earnings. The company may say profit rose 45 percent after it added customers and boosted sales by increasing its stake in a marketing unit, according to analysts surveyed by Bloomberg. The shares fell 5 cents, or 0.2 percent, to 20.94 euros.

Wereldhave Belgium NV (WEHB BB): The Belgian unit of Dutch real-estate investment company Wereldhave NV said net income rose to 8.8 million euros in the first quarter, compared with 5 million euros a year ago. The shares gained 40 cents, or 0.7 percent, to 62 euros.

To contact the reporter on this story: Dune Lawrence in New York at dlawrence6@bloomberg.net

Last Updated: May 9, 2005 19:07 EDT