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Media

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

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By Douglas A. McIntyre Updated Published
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24/7 WallSt TVWe 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.

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Executive Producer: Philip MacDonald

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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