Another article on the expected earnings reports next week.
cbs.marketwatch.com
<<U.S. stocks face earnings, data blitz
By Ciara Linnane, CBS.MarketWatch.com
Last Update: 4:54 AM ET April 10, 2004
[snip]
Earnings flood
By the time the dust settles next Friday, almost 200 of the S&P 500 companies will have reported and the first estimates of its gains on the year-earlier quarter will be made.
"We should know whether first quarter earnings are above or below 20 percent ahead of last year's numbers," said Stone McCarthy's Liro. "I think they will probably be just about 20 percent with a risk to the upside."
A total of six Dow components are due to report next week, starting Tuesday with chip giant Intel (INTC: news, chart, profile), consumer goods giant Johnson & Johnson (JNJ: news, chart, profile), and fast-food behemoth McDonald's (MCD: news, chart, profile).
Intel, the world's largest chipmaker, is expected to report a profit of 27 cents a share vs. 14 cents a share a year ago. Intel said early in March that its sales would likely be between $8 billion and $8.2 billion, toward the lower end of an earlier target range.
Other key chip players also report next week, including Texas Instruments (TXN: news, chart, profile), expected to post earnings of 21 cents a share compared with 7 cents last year, and Advanced Micro Devices (AMD: news, chart, profile), expected to swing to a profit of 3 cents a share from a loss of 42 cents a share.
[snip] |
