Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc., weighs in on the top technology and social media earnings this week from Apple Inc. (NASDAQ: AAPL), Facebook Inc. (NASDAQ: FB), Google Inc. (NASDAQ: GOOG) and Amazon.com, Inc. (NASDAQ: AMZN). Tech giant Apple Inc. (NASDAQ: AAPL) on Monday is expected to report fiscal first-quarter earnings of $14.05 on revenue of $57.46 billion, according to analysts polled by Reuters. Shares of Apple rose 1.38 per
Apple is set to report is quarterly results on Wednesday. Earnings forecasts call for a minuscule gain in its profit to $10.17 a share on revenue of $43.55 billion, essentially flat compared to the same period of last year. Investors will eagerly be watching iPhone unit sales, but they are still clamoring for a new innovative product launch.
Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc. weighs in on Apple Inc.'s (AAPL) fiscal fourth quarter earnings released after the closing bell on Monday. Apple Inc. (NASDAQ: AAPL) is expected to report fiscal fourth quarter earnings of $7.93 per share on revenue of $36.8 billion, compared with earnings of $8.67 per share on revenue of $36 billion in the same year-ago period, according to Reuters. Wall Street expects the tech giant to post sales of 33
Wells Fargo & Co. (NYSE: WFC) issued fiscal fourth-quarter net income of $5.37 billion, or $1 per share, compared with $4.86 billion, or 91 cents per share, a year earlier. Wall Street had expected the bank to post earnings of 98 cents per share, according analysts polled by Reuters. Shares of Wells Fargo rose 0.09 percent to $45.60 in afternoon trading. Jonathan Corpina, senior managing partner with Meridian Equity Partners Inc. , weighed in on JPMorgan and Wells Fargo earnings on Tuesday a
Harley-Davidson's first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold. The Milwaukee company says global sales of new motorcycles grew 5.8 percent in the quarter as buyers responded to its new models. Its shares rose more than 7 percent in pre-market trading. Harley-Davidson posted net income of $265.9 million, up from $224.1 million a year ago. Motorcycle and related products revenue rose 11 percent to $1.57 billion.
Ford reports first quarter earnings of 25 cents a share on $33.9 billion in revenue, both numbers missing Wall Street estimates, as bad weather hurt the automaker. Fross and Fross Wealth Management co-founder Thom Fross tells TheStreet's Joe Deaux that he doesn't think Ford's bumpy quarter will have much of a broader impact on the markets. Fross says investors should continue piling into equities as this earnings season continues to show many companies reporting record profits.
AT&T reported higher financials on both its top- and bottom-line in its most recent quarter, proving the second-largest U.S. carrier still has some tricks for growth on speed dial. That quarterly revenue increase was boosted by the popularity of NEXT, a pricing model it launched in July last year which charges for handset devices separately from wireless plans. Thirty-five percent of wireless customers made the move to a NEXT plan this quarter, a rate which the company believes it can maintain.
Citigroup's first-quarter earnings rose, helped by declines in expenses and provisions for bad loans. The earnings improved even as revenue from mortgage refinancing and bond trading fell. Citigroup reported a profit of $4.1 billion in the first quarter, after stripping out the effects of an accounting change and a tax item. That was up 2.5 percent from the same period a year earlier, when it made $4 billion.
Chevron expects its first quarter earnings to be lower compared to the same period last year due to lower production, thinner margins, foreign-currency fluctuations, and impairment charges related to its mining operations. However, earnings adjusted for non-operating items are expected to be at par with its 2013 fourth quarter results, when it reported a net income of $2.57 per share.
Earnings season is saying many things about people's spending habits in the the first quarter. Apparently bad winter weather kept people from going through the dive thru at McDonald's. The hamburger chain complained that tough breakfast competition and a harsh winter kept sales down. That wasn't the problem over at Harley-Davidson, where shoppers had no problem going out into the bad weather to push sales higher. Even Comcast managed to add more internet customers.