Europe Elections, Jobless Claims in Focus for Coming Week
Earnings reports to look out for next week include Dow components Cisco (CSCO) and Walt Disney (DIS), as well as News Corp. (NWSA) and Priceline.com (PCLN).
Disney is slated to report on Tuesday, and the other three companies are scheduled for Wednesday. Analysts, on average, anticipate Disney will earn 55 cents a share on revenue of $9.56 billion.
Expectations for Cisco are for earnings per share of 47 cents on $11.58 billion; News Corp. is anticipated to post EPS of 31 cents on revenue of $8.24 billion; and Priceline.com is slated to report EPS of $3.94 on revenue of $1.04 billion.
The majority of companies that have reported earnings so far have beat expectations. So far, 415 S&P 500 companies have reported earnings, with 67.5% of them topping expectations, and 8.9% meeting expectations, according to Thomson Reuters data.
The market will also continue buzzing about Facebook's upcoming initial public offering. Krosby thinks this may help the market. "When you have a headline IPO such as Facebook, it helps give the market a positive tone," she said. -- Written by Alexandra Zendrian in New York>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: tips@thestreet.com. >To follow the writer on Twitter, go to Alexandra Zendrian.
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