We have many key technology stocks reporting earnings this coming week. Intel Corporation (NASDAQ: INTC) will start things off to give us a read on semiconductors and PCs. Linear Technology Corp. (NASDAQ: LLTC), ADTRAN, Inc. (NASDAQ: ADTN), Xilinx, Inc. (NASDAQ: XLNX), ASML Holding N.V. (NASDAQ: ASML), International Business Machines (NYSE: IBM), Advanced Micro Devices (NYSE: AMD), Fairchild Semiconductor International, Inc. (NYSE: FCS), Google Inc. (NASDAQ: GOOG), and Nokia Corp. (NYSE: NOK) are also all on deck for earnings this week.
We have compiled Thomson Reuters figures for the consensus estimates and appropriate performance data where needed. We based the comparisons for the June 30 close to see how these have performed in the latest quarter and we also looked for that big inflection date of March 9 to see how much these have rallied from the height of the market panic selling.
Intel Corporation (NASDAQ: INTC) reports Tuesday after the close and is the first of the tech giants to report. Estimates are $0.27 EPS and $9.02 billion in revenues; next quarter estimates are $0.34 EPS on $9.5 billion in revenues. Since the end of June this stock is up 22.5% and since the March 7 close this is up 63%.
Linear Technology Corp. (NASDAQ: LLTC) is also reporting on Tuesday, but this is likely to get buried in coverage by Intel. Estimates are $0.24 EPS on $215.87 million in revenues. Next quarter estimates are $0.26 EPS and $222.7 million in revenues. Shares are up 20% since June 30 and are up 35% from the March 9 close.
ADTRAN, Inc. (NASDAQ: ADTN) is on deck Wednesday morning with estimates pegged at $0.32 EPS and $126.37 million in revenues. Next quarter estimates are $0.29 EPS on $122.3 million in revenues. Shares are up 16% since June 30 and up right at 80% from the March 9 close.
Xilinx, Inc. (NASDAQ: XLNX) is set for Wednesday afternoon, with estimates at $0.22 EPS and $412.8 million in revenues, and estimates for the next quarter are $0.23 EPS and $422.5 million in revenues. Xilinx is up 14% from June 30 and up about 36% since the March 9 close.
International Business Machines (NYSE: IBM) is also on deck Thursday and is expected to post $2.38 EPS and $23.37 billion in revenues. Estimates for next quarter are $3.38 EPS and $26.68 billion in revenues. The backlog is paramount and was listed as $132 billion at actual rates on June 30 compared with$126 billion on March 31. Since the end of June this is up 20% and since the March 9 close this is up 51%.
Advanced Micro Devices (NYSE: AMD) is also on deck after the close Thursday. This will be buried by IBM in the reporting and will likely take a backseat to Intel this week. The company’s never ending losses have not kept it from rallying too. Estimates are -$0.42 EPS and $1.25 billion in revenues, and next quarter estimates are -$0.31 EPS and $1.34 billion in revenues. This one has bounced over 200% from lows and is still expected to keep losing money.
Fairchild Semiconductor International, Inc. (NYSE: FCS) is on deck Thursday morning and those estimates are $0.07 EPS on $321.86 million in revenues. Fairchild shares are up 30% since the June 30 close, but are up over 200% from the March close.
Google Inc. (NASDAQ: GOOG) is the other biggie expected to post earnings on Thursday afternoon. The king of web search is expected to post earnings of $5.37 EPS and revenues of $4.21 billion. Google does not offer guidance, and keep in mind that the focus revenue figure is the ‘ex-TAC’ figure. Since the end of June this is up 22.5% and since the March 9 close this is up 78%.
We have two overseas tech players reporting in the coming week. ASML Holding N.V. (NASDAQ: ASML) is one we have tentatively on the books for Wednesday morning, but this is an overseas report and estimates are harder to parse out on this one. Nokia Corp. (NYSE: NOK) is always a hard one to call because it is based overseas. We have NOK estimates as being $0.18 EPS on $14.17 billion in revenues, but we would stress that the estimates on ADRs are always complicated by the conversions to US dollars. They will be released Thursday morning while most of us are still sleeping. Nokia has been left behind during the market rally of the latest quarter. Shares are up less than 1% since June 30, but shares are up over 70% from the March 9 closing bell.
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JON C. OGG
OCTOBER 10, 2009
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