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), 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: email@example.com.