Earnings season swings into high gear this week, as some of the biggest technology and Internet names try to quell growing fears of an economic slowdown.
Yahoo and Intel
will report quarterly results after the close on Tuesday. Yahoo is expected to report earnings of 11 cents a share, up from 7 cents in the year-ago quarter, on revenues of $795.5 million. Analysts are looking for Intel to deliver earnings of 31 cents a share, up from 26 cents a year ago, on sales of $9.31 billion.
On Wednesday, eBay will try to restore its luster with its earnings report. Analysts expect earnings of 18 cents a share, up from 16 cents a year ago, on revenues of $1.03 billion.
And on Thursday, Google will look to extend its Wall Street winning streak with its results. The Street is expecting earnings of 92 cents a share — up from 53 cents a year ago — on sales of $729.8 million.
And those are just some of the names reporting this week. Others include EMC and Lucent
Tuesday morning, Juniper
Tuesday night, and Motorola
on Wednesday.
Stocks stabilized Monday to post small gains, with the Dow weighed down by 3M’s results.
The Nasdaq rose 4 to 1912, the S&P 500 added 3 to 1145, and the Dow slipped 16 to 10,071. Volume rose to 2.18 billion shares on the NYSE, and declined to 1.89 billion on the Nasdaq. Advancers led 19-13 on the NYSE, while decliners led by a few issues on the Nasdaq. Upside volume was 60% on the NYSE, and 58% on the Nasdaq. New highs-new lows were 10-138 on the NYSE, and 25-221 on the Nasdaq.
After the close, Texas Instruments beat estimates, Novellus
met estimates but offered a cautious outlook, and Sonus
warned.
During the day, Adobe fell nearly 10% on plans to acquire Macromedia
.
Corning gained 4% after the company raised guidance.
Check Point slipped on its results.
TiVo edged higher on merger hopes.
Manchester Tech soared on a takeover offer.
