As the week unfolds, market will focus on the earnings reports of giants like IBM, CSX Corp., Bank of America, Burlington Northern Santa Fe, Continental Airlines, Southwest Airlines, Union Pacific, Exelon, General Electric and McDonald's.
January 19
Technology giant International Business Machines Corp. (IBM) is set to report fourth-quarter results after the market closes on January 19. Wall Street analysts are forecasting earnings of $3.47 per share on revenues of $26.96 billion. In the year-ago period, the company posted earnings from continuing operations of $3.28 per share and revenues of $27.0 billion. In mid-October, the company raised its fiscal 2009 earnings estimate to at least $9.85 per share from its prior forecast of at least $9.70 per share. IBM also said "We are optimistic about 2009 as we again raise our full-year expectations and we remain well ahead of pace for our 2010 roadmap of $10 to $11 per share."
For Jacksonville, Florida-based railroad operator CSX Corp. (CSX), analysts are expecting earnings of $0.76 per share on revenues of $2.38 billion for the fourth quarter. The results are scheduled to be released after the market closes Tuesday. In the previous year, the company posted comparable earnings from continuing operations of $0.90 per share and revenues of $2.7 billion.
Financial services giant Citigroup Inc. (C) is expected to incur a loss of $0.33 per share on revenues of $18.43 billion, according to the Street view. The fourth-quarter results are set to be released before the market opens on January 19.
Industrial and construction supplies provider Fastenal Co. (FAST) is slated to issue forth its fourth-quarter numbers at 8:00 AM on January 19, with analysts forecasting earnings of $0.31 per share on revenues of $479.38 million. In the prior-year period, the company reported earnings of $0.42 per share on net sales of $544.9 million.
First Horizon National Corp. (FHN), the holding company for First Tennessee Bank NA, is scheduled to announce financial results for its fourth quarter before the market opens Tuesday, with analysts expecting a loss of $0.21 per share on revenues of $455.72 million. The company incurred a loss of $0.27 per share on revenue of $543.0 million in the fourth quarter of the previous year.
From the New York-based Forest Laboratories Inc. (FRX), analysts are expecting earnings of $0.86 per share on revenues of $1.04 billion for the third quarter. The quarterly results are due to be released before the market opens Tuesday. In mid October, the company revised its fiscal 2010 earnings guidance to a range of $3.40 - $3.50 per share, excluding net one-time charges of $0.24 per share, versus the prior outlook range of $3.45 - $3.55 per share. However, revenue forecast remained unchanged at $4.1 billion. For the third quarter of fiscal 2009, the company posted adjusted earnings of $1.03 per share and revenues of $997.9 million.
Motion and fluid control systems maker Parker Hannifin Corp. (PH) is scheduled to issue second-quarter results before the market opens Tuesday, with analysts projecting earnings of $0.36 per share on revenues of $2.25 billion. The company, in mid-October, raised its fiscal 2010 earnings from continuing operations forecast range to $1.55 - $2.05 per share from its prior range of $1.25 - $1.75 per share. In the previous year's second quarter, the company earned $0.96 per share, on sales of $2.7 billion.
Tuesday's earnings slate also includes report cards from Lockheed Martin (LMT), Cree Inc. (CREE), Lee Enterprises Inc. (LEE), McMoRan Exploration Co. (MMR), TD Ameritrade Holding Corp. (AMTD), Renasant Corp. (RNST), UAL Corp. (UAUA), Wipro (WIT), Pinnacle Financial (PNFP) and more.
January 20
Financial stocks will be in focus on Wednesday, January 20, when Bank of America Corp. (BAC) publishes fourth-quarter results, with analysts expecting a loss of $0.52 per share on revenues of $26.84 billion. In the previous year's fourth quarter, the company posted a loss of $0.48 per share on total revenues of $15.7 billion. Most recently, Credit Suisse upgraded Bank of America shares to Outperform from Neutral and increased its price target to $21 from $17. The brokerage narrowed its 2009 loss per share estimate to $0.04 from $0.45. The brokerage also raised its 2010 earnings estimate to $0.90 from $0.80 per share.
Financial services company Bank of New York Mellon Corp. (BK) is due to report fourth-quarter results before the market opens Wednesday. Analysts are projecting earnings of $0.51 per share on revenues of $3.28 billion for the quarter. In the year-ago period, the company posted earnings of $0.02 per share and net interest revenue of $1.0 billion.
Investors will also be focusing on the online auction titan eBay Inc.'s (EBAY) fourth-quarter results that is slated to be issued after the market closes Wednesday, January 20. Wall Street analysts are projecting earnings of $0.40 per share on revenues of $2.28 billion. For the fourth quarter, the online auctioneer expects GAAP earnings of $0.28 - $0.30 per share and non-GAAP earnings of $0.38 - $0.40 per share, on net revenues between $2.20 billion and $2.30 billion. In the previous-year quarter, the company posted non-GAAP earnings of $0.41 per share on revenue of $2.18 billion.
According to the Street analysts, Hudson City Bancorp Inc. (HCBK), the holding company for Hudson City Savings Bank, which will be reporting its results on January 20 before the market opens, is expected to report earnings of $0.28 per share, on revenues of $340.32 million for the fourth quarter. In the prior-year period, the company reported earnings of $0.25 per share.
Financial services firm Morgan Stanley (MS) is likely to publish fourth-quarter results at 8:00 AM Wednesday, with analysts expecting earnings of $0.36 per share on revenues of $7.81 billion. In the previous year's fourth quarter, the company incurred a loss from continuing operations of $2.24 per share on net revenue of $1.8 billion.
Wells Fargo & Co. (WFC), which is in the same league of Morgan Stanley, is also slated to release fourth-quarter results before the market opens Wednesday, as analysts are projecting a loss of $0.02 per share on revenues of $21.88 billion. In the prior-year period, Wells Fargo reported a loss of $0.79 per share on revenue of $9.82 billion. Last month, Wells Fargo said it repaid the $25 billion it received from the government as bailout money, and redeemed the series D preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program's or TARP's Capital Purchase Program.
Seattle-based coffee producer Starbucks Corp. (SBUX) will publish financial results for the first-quarter after the market closes on January 20. Wall Street analysts have a consensus earnings estimate of $0.27 per share on revenues of $2.58 billion. In the year-ago period, the company reported non-GAAP earnings of $0.15 per share on revenues of $2.6 billion. Earlier in November, the company raised its fiscal 2010 non-GAAP earnings growth forecast range to 15% - 20%, from its previous range of 13% - 18%. The company added that it expects fiscal 2010 revenue to grow in the low-to-mid single digits, driven by modestly positive same-store sales, an extra week and about 300 planned net new stores.
Other important companies to share the limelight on Wednesday include M&T Bank Corp. (MTB), Marshall & Ilsley Corp. (MI), Northern Trust Corp. (NTRS), State Street Corp. (STT), U.S. Bancorp (USB), Xilinx Inc. (XLNX), Amdocs Ltd. (DOX), Bank of Hawaii Corp. (BOH), Brinker International Inc. (EAT), Logitech International SA (LOGI), Suncor Energy (SU) and more...
January 21
Freight rail transportation service provider Burlington Northern Santa Fe Corp. (BNI) is set to issue its fourth-quarter results after the market closes Thursday, as analysts are forecasting earnings of $1.22 per share on revenues of $3.63 billion. In the previous-year's fourth quarter, the company earned $1.79 per share on freight revenues of $4.2 billion.
Railroad operator Union Pacific Corp. (UNP) is expected to report earnings of $1.04 per share on revenues of $3.78 billion for the fourth quarter. Union Pacific's results are due to be announced before the market opens on January 21. In the year-ago period, the company posted earnings of $1.31 per share on operating revenue of $4.3 billion.
For the Dow component Continental Airlines Inc. (CAL), analysts are expecting a loss of $0.28 per share on revenues of $3.17 billion for the fourth quarter. The results are due to be announced on January 21. For the fourth quarter of fiscal 2008, the Houston, Texas-based company reported a loss of $2.33 per share on revenues of $3.5 billion.
Another Dow confrere Southwest Airlines (LUV) will publish fourth-quarter numbers Thursday, January 21, with analysts expecting earnings of $0.06 per share, on revenues of $2.67 billion. In the previous year, the company reported earnings before special charges of $0.08 per share on revenues of $2.7 billion.
Financial services firm Goldman Sachs Group Inc. (GS) is slated to release fourth-quarter results before the market opens Thursday. Wall Street analysts have a consensus earnings estimate of $5.19 per share on revenues of $9.75 billion. In the year-ago period, the company posted a loss of $4.97 on revenues of $1.58 billion.
Internet and search engine giant Google Inc. (GOOG) is expected to report earnings of $6.43 per share, on revenues of $4.89 billion for the fourth quarter after the market closes January 21. In the year-ago period, the company posted non-GAAP earnings of $5.10 per share on revenues of $5.70 billion.
Thursday's earnings schedule also encompasses report cards from Capital One Financial Corp. (COF), Comerica Inc. (CMA), Fifth Third Bancorp (FITB), Freeport-McMoRan Copper & Gold Inc. (FCX), KeyCorp (KEY), PNC Financial Services Group Inc. (PNC), Unitedhealth Group Inc. (UNH), Xerox Corp. (XRX), AmerisourceBergen Corp. (ABC), Advanced Micro Devices Inc. (AMD), American Express Co. (AXP), Associated Banc-Corp. (ASBC), First Security Group Inc. (FSGI), Knight Capital Group Inc. (NITE), MDS Inc. (MDZ), Wilshire Bancorp Inc. (WIBC) and more.
January 22
Utility services holding company Exelon Corp. (EXC) is slated to release fourth-quarter results Friday, with analysts projecting earnings of $0.85 per share on revenues of $5.00 billion. While releasing third-quarter numbers, the company said it reduced the higher end of its fiscal 2009 adjusted earnings forecast range to $4.00 - $4.10 per share from the previously issued range of $4.00 - $4.30 per share. Analysts expect the company to report earnings of $4.04 per share for fiscal 2009. In the prior-year period, the company reported adjusted earnings of $1.07 per share on revenues of $4.55 billion.
Diversified technology, media, and financial services company General Electric Co. (GE) is set to report fourth-quarter figures before the market opens on January 22. Wall Street analysts have a consensus earnings estimate of $0.26 per share, on revenues of $40.02 billion. In the year-ago period, the company posted earnings from continuing operations of $0.36 per share on revenues of $46.2 billion.
Food service retailer McDonald's Corp. (MCD) will release fourth-quarter score card before the market opens Friday, January 22, with analysts forecasting earnings of $1.02 per share on revenues of $5.93 billion. In the prior-year period, the company reported earnings of $0.87 per share on revenues of $5.57 billion.
Oilfield services company Schlumberger (SLB) is scheduled to report its fourth-quarter results before the market opens on January 22, with analysts expecting earnings of $0.63 per share, on revenues of $5.49 billion. In the prior-year period, the company reported adjusted earnings from continuing operations of $1.03 per share on revenues of $6.87 billion.
The earnings schedule on Friday also includes report cards from Air Products & Chemicals Inc. (APD), Harley-Davidson Inc. (HOG), Johnson Controls Inc. (JCI), Kimberly-Clark Corp. (KMB), MB Financial Inc. (MBFI), Sony Ericsson (SNE,ERIC), SunTrust Banks Inc. (STI) and more.
Stay tuned to RTTNews as another slew of companies gets set to report their quarterly performance.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.