U.S. Week Ahead: Tech results dominate; Apple under scrutiny
Friday, July 19, 2013 - 03:03
July 19 - One of the heaviest weeks of earnings will focus on technology companies like Apple, Facebook and Amazon. Reports from defense and auto companies are expected this week as well.
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Next week into earnings earnings. Or earnings and that order. Let's start with two of the biggest players in defense Lockheed Martin will host a live web cast to announce their Q2 results Tuesday. Some analysts expect CEO Maryland Houston and other top level executives to discuss possible share buyback and dividend increases. A top rated analyst at journey deep critics Lockheed will come in two cents above the Wall Street estimate of two dollars and twenty cents. As a backlog of orders will continue to increase profits. And Boeing profits likely wrote as deliveries of 787 dreamliner is ramp up again. Record production and delivery of Boeing's other planes also helping out. Investors will be keeping an eye out for how much going spent on stock buybacks and how the company plans on managing fall out from the resent -- on airlines crash. And a fire on an Ethiopian airline 787. The stock has largely recovered from a four point 7% drop after the fire was reported. And is trading near its record high. Next General Motors and Ford report Q2 results. And GM it looks like it's trucks will be pulling most of the weights. Every -- 2014 Silverado and Sierra has been the most important vehicles Ford yet. Analysts estimate those two trucks alone could generate one billion dollars in earnings for this year and next. The stock is up 83% over the past year but EPS is expected to be 75 cents compared to ninety cents a year ago. Ford Motor that second largest US carmaker also comes out with results. Analysts expect earnings per share up 37 cents up from thirty cents a year ago. For profits also will be driven by strong performance in pickup trucks and improvement in Asia. Signs of stability in Europe have also pushed up boards she. And your top story tech earnings apple reports Q3 results Tuesday. Analysts expect the company to report it EPS of seven dollars and 31 cents. Down from nine dollars and 32 cents a year ago investors are worried apple is struggling to sustain growth as -- searches for its next blockbuster product. Investors will be listening for any news on a low cost iPhone 5 at priced between 250 and 300 dollars. Expanding its international Smartphone market share. Think that comes out with its latest quarterly results Wednesday. Analysts expected to report an EPS of fourteen cents a share up from twelve cents a share a year ago. One analyst at -- but securities believes FaceBook will give Wall Street are rare better than expected results with mobile ad sales. The stock is down 31%. Since -- IPO in May of last year. Follow left on Twitter at Reuters Insider and watch more of our video that Reuters dot com slash writers TV I'm that you mom. It is right here.
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