Intel also to report
24 hour ago, the market was waiting for Facebook earnings. We know how that has gone for a stock priced for perfection.
Today there is another test with Amazon on tap to release their earnings.
- Earnings are expected to earn $2.48 a share vs $0.40 a year ago
- The company forecast an operating income range between $1.1 B and $1.9 B (wide but real). That compared to $628 a year ago
- Revenue is expected at $53.37B vs $37.95B a year ago.
- Amazon said it expected sales between $51B and $54B
Other earnings will be released from:
- Intel. Intel CEO Brian Krzanich resigned this month unexpectedly, and the stock fell. On the day of the resignation, Intel raised its guidance for the second quarter. The company said it expects adjusted earnings of 99 cents per share on $16.9 billion in revenue. Intel previously forecast second-quarter earnings of 85 cents a share on $16.3 billion in revenue. Intel closed at $53.05 on the day of last earning. The earnings beat expectations on that day ($0.87 vs $0.72 estimate). The high reached $57.59 in early June. It trades at $52.16 currently.
- Starbucks
- Electronic Arts
- Western Digital
- Expedia
- Lam Research
- Amgen, and
- Chipotle
Tomorrow morning the following will report:
- Twitter - Big run up in Twitter since the last earnings ($29.75 to $42.88 currently).
- Chevron
- Exxon
- Merck
