This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Stocks to Watch: Yahoo!, Intel, Bank of America

NEW YORK -- Yahoo! (YHOO - Get Report), the Internet giant, posted quarterly earnings that beat Wall Street expectations, but revenue continued to move in the wrong direction and guidance came in short of estimates.

Yahoo! reported first-quarter non-GAAP earnings of 38 cents a share on revenue of $1.14 billion, excluding traffic acquisition costs. Including TAC, sales were $1.07 billion.

The company noted display revenue ex-TAC was $402 million for the first quarter of 2013, down 11% from last year. Search revenue also declined, coming in at $425 million, down from $470 million in the first quarter of 2012.

Analysts expected Yahoo! to earn 24 cents a share on $1.1 billion in revenue for the first quarter.

Yahoo!'s second-quarter guidance came in below estimates. Excluding TAC, revenue is expected to be between $1.06 billion and $1.09 billion, with non-GAAP operating income between $190 million and $210 million. Analysts polled by Thomson Reuters are looking for sales of $1.12 billion.

Yahoo! Plunges as Outlook Disappoints


Intel (INTC - Get Report) topped Wall Street's first-quarter sales estimates but earnings were below forecasts.

The chipmaker earned 40 cents a share, down from 53 cents a share in the prior year's quarter. Intel reported revenue of $12.6 billion, compared to $12.9 billion for the same period last year. Analysts were looking for earnings of 41 cents a share and revenue of $12.59 billion.

For its fiscal second quarter, Intel expects revenue of $12.9 billion, plus or minus $500 million, broadly in line with Wall Street's forecast of $12.85 billion. Intel also predicts a gross margin of 58%, plus or minus a couple of percentage points.

Intel Beats Topline Estimate on Chip Sales


Bank of America (BAC - Get Report) is expected by analysts on Wednesday to post first-quarter earnings of 22 cents a share on revenue of $23.4 billion.

Most of Bank of America's turnaround depends upon the U.S. housing recovery, which has lately shown some signs of slowing.

Bank of America Earnings Seen Muted


American Express (AXP - Get Report) is expected by Wall Street on Wednesday to report first-quarter profit of $1.12 a share on revenue of $8.03 billion.


EBay (EBAY - Get Report), which reports Wednesday after the closing bell, is forecast to post quarterly profit of 62 cents a share on revenue of $3.76 billion.


Abbott Laboratories (ABT) is expected by Wall Street to report first-quarter profit of 41 cents a share on revenue of $5.42 billion.


Toy company Mattel (MAT) is forecast to post earnings on Wednesday of 9 cents a share in the first quarter on revenue of $985.8 million.


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AXP $81.15 0.64%
BAC $16.00 1.01%
EBAY $59.08 1.32%
INTC $33.73 -1.14%
YHOO $44.16 0.39%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs