Tuesday, January 22, 2013

5 Earning reports out today to watch


Wikipedia/Orrling
Earnings season gears up as the U.S. stock market reopens after the Martin Luther King holiday. On Tuesday, a total of 17 companies in the S&P 500 will weigh in.
1. International Business Machines Corp. (US:IBM)
The technology specialist and Dow component based in Armonk., N.Y., is on tap for earnings of $5.25 a share on sales of $29.12 billion. For all of 2012, IBM is seen reporting a profit of $15.14 billion, up from $13.44 billion in 2011.
Wikipedia 2. Texas Instruments Inc. (US:TXN)
The Dallas-based chip maker is expected to earn 7 cents a share on revenue of just under $2.95 billion. TI will report on the heels of Intel Corp. (US:INTC), which in its own earnings report issued a profit view that was slightly below analysts’ consensus target. Read: Intel down as outlook remains cloudy.
Reuters 3. Verizon Communications Inc. (US:VZ)
Verizon, the big telecom firm in the Dow industrials along with AT&T Inc. (US:T), is expected to report a fourth-quarter profit of 51 cents a share on revenue of $29.81 billion. Wall Street is likely to focus on any updates from the New York-based company on iPhone customer activations for insight into Apple Inc.’s (US:AAPL) iPhone 5 launch. Apple provides its profit update later in the week. See: Apple bruised by iPhone’s boom-bust cycle.


Luis GarcĂ­a 4. Johnson & Johnson (US:JNJ)
New Brunswick, N.J.-based J&J, another Dow component, is expected to earn $1.17 a share on sales of $17.69 billion. Pharmaceutical firms are always a favored play on an aging population in need of health care. But patent expirations continue to be a concern.
Google 5. Google Inc. (US:GOOG)
The search giant is expected to post earnings of $10.57 a share on revenue of $12.38 billion. Mountain View, Calif.-based Google, maker of the Android mobile platform, drew a $20 higher price target of $860 a share from Nomura Equity Research on Friday. “We believe the company’s long-term position to take share with … ad markets and drive the overall desktop and mobile online-ad markets is intact,” the Nomura analysts said.

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