24/7 Wall St. TV: Top Four Tech Earnings on Deck (GOOG)(INTC)(NOK)(IBM)

Media

Published: October 12, 2009 11:16 am

Last Updated: March 30, 2020 4:45 pm

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. International Business Machines (NYSE: IBM). Google Inc. (NASDAQ: GOOG), and Nokia Corp. (NYSE: NOK) are also all on deck for earnings this week.

We have compiled appropriate Thomson Reuters figures here for the consensus estimates and appropriate performance data where needed. We based the comparisons here 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.[youtube=http://www.youtube.com/watch?v=UyhVovUqVuQ&w=560&h=340&fmt=18]

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 to $126 billion on March 31. Since the end of June this is up 20% and since the March 9 close this is up 51%.
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%.

Nokia Corp. (NYSE: NOK) is always a hard one to call because it is based overseas. We have NOK estimates as $0.18 EPS on $14.17 billion in revenues, but we would stress that the estimates on ADRs are always complicated by the conversions in US dollars. This 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.

For more 24/7 Wall St. TV visit us here.

Executive Producer: Philip MacDonald

Are You Ahead, or Behind on Retirement?

If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.

Why wait? Click here to get started today!