Google (GOOG), IBM (IBM), Intel (INTC) and Microsoft (MSFT) all due to report. Forecasts: Google EPS +16% to $9.03, revs +31% to $8.4B. IBM: $4.62 and $29.7B vs. $4.18 and $29B last year; Intel: $0.61 and $13.7B vs. $0.59 and $11.46B; Microsoft: flat EPS at $0.77, revenue $21B vs. $20B.
Intel (NASDAQ:INTC) last month lowered its revenue projections to between $13.4 billion and $14 billion, down from between $14.2 billion and $15.2 billion, citing a global shortage of hard disk drives affecting its customers.
Intel is expected to post 61 cents a share in earnings on revenue of $13.7 billion. Last year it reported earnings of 59 cents a share, on revenue of $11.46 billion.
The Santa Clara company last week emphasized a new group of chips aimed at ultra-thin notebook computers it called Ultrabooks, but those are coming later this year and won't be reflected in Thursday's report.
Similarly, Microsoft is banking on its upcoming Windows 8 operating system to tie together its traditional PC market with the ongoing shift to tablets and phones. But that won't show up in the balance sheet until later this year.
Microsoft (NASDAQ:MSFT) is expected to post flat earnings at 77 cents a share, the same as last year on $21 billion in revenue. It posted $20 billion in revenue a year ago.
The IBM (NYSE:IBM) earnings will be the first since Virginia Rometty took the helm at the company when Sam Palmisano retired.
Analysts expect IBM to report earnings of $4.62 a share on revenue of $29.7 billion compared to $4.18 a share in earnings on $29 billion in sales a year ago.
Google, meanwhile, is expected to post a 16 percent rise in net income to $9.03 a share on a 31 percent increase in revenue to $8.4 billion.
Source
More Stocks News
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
