Wall Street braces for more earnings reports, as it heads into the second week of the season. Market will focus this week on score cards from the nation's largest banks JPMorgan Chase, Goldman Sachs Group Inc., Citigroup Inc. and Bank of America Corp. The limelight will be shared by tech giants including Intel Corp., Google Inc. and IBM Corp., which are also due to publish results this week.
Oct 13
For Jacksonville, Florida-based railroad operator CSX Corp. (CSX), analysts are expecting earnings of $0.71 per share on revenues of $2.32 billion for the third quarter. The results are scheduled to be released after the market closes on October 13. In the previous year, the company posted earnings from continuing operations of $0.94 per share and operating revenues of $2.96 billion. On August 7, Credit Suisse upgraded CSX shares to Outperform from Neutral and increased its price target to $49 from $37. The brokerage maintained its 2009 earnings estimate of $2.81 per share, and its 2010 estimate of $3.10 per share.
Chip maker Intel Corp. (INTC) is slated to report third-quarter results after the market closes on October 13, with analysts expecting the company to report earnings of $0.27 per share on revenues of $9.02 billion. In the prior-year period, Intel posted earnings of $0.35 per share on revenues of $10.2 billion.
Last month, FBR Capital Markets indicated that it expects Intel to see sequential revenue growth at the high end of its guidance, citing expectations of robust growth in PC builds in the third quarter. Further, FBR Capital Market said it expects the semiconductor giant to report 15% sequential revenue growth in the third quarter compared to the company's forecast of 10% - 15% sequential growth.
On August 28, Intel raised its third-quarter revenue forecast to $9.00 billion, plus or minus $200 million, from its earlier guidance of $8.50 billion, plus or minus $400 million, given the stronger-than-expected demand for its microprocessors and chipsets.
Johnson & Johnson (JNJ), a health care products firm, will report third-quarter numbers on October 13, with analysts forecasting earnings of $1.13 per share on revenues of $15.19 billion. In the year-ago quarter, the company earned $1.17 per share on sales of $15.9 billion. While releasing second-quarter results, the company confirmed its fiscal 2009 earnings outlook of $4.45 - $4.55 per share, which excludes the impact of special items.
Oct 14
U.S. drug and medical device maker Abbott Laboratories (ABT) is set to release third-quarter financial results before the market opening on October 14, with analysts expecting earnings of $0.90 per share on revenues of $7.75 billion. In the third quarter of fiscal 2008, the company reported adjusted earnings of $0.79 per share on sales of $7.5 billion. The company projects third-quarter earnings to range between $0.88 and $0.90 per share, excluding specified items. Further, Abbott reaffirmed its earnings guidance in the range of $3.65 - $3.70 per share under both GAAP and non-GAAP basis.
Host Hotels & Resorts Inc. (HST), a real estate investment trust, will report third-quarter figures before the market opens on October 14. Analysts are looking for earnings of $0.08 per share on revenues of $892.82 million for the quarter. In the prior-year quarter, the company posted earnings from continuing operations of $0.07 per share on total revenues of $1.17 billion. While reporting second-quarter numbers, the company revised its loss outlook for fiscal 2009 to $267 million - $310 million or $0.46 - $0.53 per share from prior forecast of loss $176 million - $216 million or $0.34 - $0.41 per share.
Host Hotels & Resorts also lowered its full-year funds from operations outlook to $253 million - $294 million or $0.43 - $0.50 per share from prior range of $364 million - $403 million or $0.68 - $0.76 per share. Wall Street analysts are expecting earnings of $0.50 per share for the year.
Financial services firm JPMorgan Chase & Co. (JPM) is scheduled to report third-quarter results at 7:00 am ET on October 14, with analysts projecting earnings of $0.49 per share, on revenues of $24.81 billion. In the previous year, the company incurred a loss before extraordinary gain of $0.06 per share on total net revenue of $14.7 billion.
Programmable chip maker Xilinx Inc. (XLNX) is expected to report earnings of $0.22 per share on revenues of $410.21 million for the second quarter, according to the Wall Street. The results are due to be released on October 14. In the second quarter of fiscal 2008, the company earned $0.29 per share on net revenue of net revenues of $483.5 million.
Last month, Xilinx raised its sequential sales growth target for the second quarter to 10% from its prior range of 2%-6%, citing a significant increase in sales of Virtex-5 chips and broad based strength across nearly all end markets and geographies.
Oct 15
For chip maker Advanced Micro Devices Inc. (AMD), analysts are expecting a loss of $0.42 per share on revenues of $1.25 billion for the third quarter. The results are scheduled to be released after the market closes on October 15. In the prior-year quarter, the company incurred a net loss from continuing operations of $0.07 per share on revenue from continuing operations of $1.776 billion.
Drug developer Baxter International Inc. (BAX) is slated to report third-quarter results before the market opens Thursday, as analysts are looking for earnings of $0.97 per share on revenues of $3.17 billion. In the previous year, the company reported adjusted earnings of $0.88 per share on worldwide sales of $3.2 billion. In mid-September, Baxter said that over its five-year long-range plan period, the company expects to grow earnings per share in 11%-13% range and increase sales 7%-8% on a currency-neutral basis.
Financial services giant Citigroup Inc. (C) is expected to incur a loss of $0.21 per share on revenues of $20.47 billion, according to the Street view. The third-quarter results are slated to be published at 8:00 am ET on October 15.
Financial service provider Goldman Sachs Group Inc. (GS) will issue financial results for the third quarter before the market opens Thursday. Wall Street analysts have a consensus earnings estimate of $4.24 per share on revenues of $11.02 billion. The company earned $1.81 per share on net revenues of $6.04 billion in the previous year.
Internet and search engine giant Google Inc. (GOOG) will announce results for the third quarter after market close on October 15. Wall Street analysts have a consensus earnings estimate of $5.38 per share on revenues of $4.22 billion for the quarter. In the year-ago period, the company posted non-GAAP earnings of $4.92 per share on revenues of $5.54 billion.
Motorcycle manufacturer Harley-Davidson Inc. (HOG) is slated to release third-quarter results before market opens on October 15, with analysts expecting earnings of $0.21 per share on revenues of $1.10 billion. In the year-ago period, the company's earnings were $0.71 per share on revenues of $1.42 billion.
Amid the downturn in the retail motorcycle sales, the company lowered its 2009 shipment expectations for Harley-Davidson motorcycles to 212,000 - 228,000, reflecting 25%-30% lower than the 303,479 shipped in 2008. Previously, Harley-Davidson had expected to ship 264,000 - 273,000 motorcycles.
Technology giant International Business Machines Corp. (IBM) is set to report third-quarter results after the market closes on October 15. Wall Street analysts are forecasting earnings of $2.38 per share on revenues of $23.38 billion. In the year-ago period, the company posted earnings from continuing operations of $2.05 per share and revenues of $25.3 billion. In early September, the technology giant reiterated its fiscal 2009 earnings guidance of at least $9.70 per share.
Air carrier Southwest Airlines (LUV) will publish third-quarter numbers before the market opens on October 15, with analysts expecting a loss of $0.01 per share, on revenues of $2.60 billion. In the previous year, the company reported earnings before special charges of $0.09 per share on revenues of $2.9 billion.
Other major companies scheduled to announce results Thursday include Finnish mobile giant Nokia Corp. (NOK), People's United Financial Inc. (PBCT), a savings and loan holding company of People's United Bank, Coating, glass and chemical products maker PPG Industries Inc. (PPG), Food and drug retailer Safeway Inc. (SWY)
Oct 16
Financial services provider Bank of America Corp. (BAC) is slated to release third-quarter financial results before the market opens Friday, with analysts expecting a loss of $0.07 per share on revenues of $27.52 billion. In the year-earlier period, the company's earnings were $0.15 per share, on revenue, net of interest expense on a fully taxable-equivalent basis, of $19.90 billion.
Diversified technology, media, and financial services company General Electric Co. (GE) is set to report third-quarter figures before the market opens on October 16. Wall Street analysts have a consensus earnings estimate of $0.20 per share, on revenues of $40.89 billion. In the year-ago period, the company posted earnings from continuing operations of $0.45 per share on revenues of $47.2 billion.
Friday's earnings slot includes results from Oilfield services provider Halliburton Co. (HAL), Financial services provider First Horizon National Corp. (FHN), and Toys maker Mattel Inc. (MAT).
Stay tuned to RTTNews for latest reports on quarterly results, which may season investor hopes on the economic recovery.
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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.