will headline a big week for technology and Internet earnings next week.
IBM will report third-quarter results after the close on Monday, along with Texas Instruments
, which warned last month. Analysts expect Big Blue to report earnings of $1.14 a share, up from $1.02 in the year-ago quarter. Revenues are expected to rise 8.8% to $23.41 billion.
Other big names reporting next week include EMC
on Tuesday, eBay
after the close on Wednesday, Google
after the close on Thursday, and Ericsson
And those are just a handful of more than a hundred tech companies reporting next week. By next Friday, investors should know just about everything they need to about the state of corporate earnings.
Amazon’s report could also prove interesting for another bit of news: Netflix
plunged 41% Friday after the company said Amazon was likely to enter the DVD rental market soon. Netflix cut prices by 18% as a pre-emptive strike.
Stocks rose Friday on stronger than expected retail sales and soothing comments from Federal Reserve Chairman Alan Greenspan, as traders ignored a slightly higher than expected rise in wholesale inflation and weaker than expected manufacturing and consumer confidence reports.
The Nasdaq rebounded 8 to 1911, the S&P 500 climbed 5 to 1108, and the Dow gained 38 to 9933. Volume rose to 1.65 billion shares on the NYSE, and 1.65 billion on the Nasdaq. Advancers led 22-10 on the NYSE, and 17-12 on the Nasdaq. Upside volume was 61% on the NYSE, and 52% on the Nasdaq. New highs-new lows were 99-61 on the NYSE, and 54-65 on the Nasdaq.
was unchanged on its results.
fell 5% despite beating estimates and raising guidance.
declined on their results.
rose on their results.
plunged 17% after the company’s CFO resigned for personal reasons.