Apple, Amazon, Alphabet Lead Earnings to Watch

Facebook, AMD also on list of companies set to report as second-quarter earnings season hits peak.
Author:
Updated:
Original:

Tech giants, which have dominated the stock market’s recovery from the March lows, are set to report results for the second calendar quarter.

Apple

Apple  (AAPL) - Get Report is expected to report adjusted net income of $8.3 billion, or $2.03 a share, on sales of $51.9 billion after the market closes on Thursday, based on a FactSet survey of 32 analysts.

In the same period a year ago, the company posted earnings of $2.18 a share on sales of $53.8 billion. It reported net income of $11.6 billion.

The stock has risen 26.4% since the company last reported earnings on April 30.

In the upcoming quarter analysts are forecasting adjusted net income of $12.2 billion, or $2.80 a share, on sales of $61.9 billion.

For the year, analysts project revenue of $264 billion.

Amazon

Amazon.com  (AMZN) - Get Report is expected to report adjusted net income of $2.6 billion, or $1.42 a share, on sales of $81.2 billion after the market closes on Thursday, based on a FactSet survey of 44 analysts.

In the same period a year ago, the company posted earnings of $5.22 a share on sales of $63.4 billion. It reported net income of $3.6 billion.

The stock has risen 20.7% since the company last reported earnings on April 30.

In the upcoming quarter analysts are forecasting adjusted net income of $3.6 billion, or $4.45 a share, on sales of $86.3 billion. For the year, analysts project revenue of $348.5 billion.

Alphabet

Alphabet  (GOOGL) - Get Report is expected to report adjusted net income of $6.7 billion, or $8.03 a share, on sales of $37.3 billion after the market closes on Thursday, based on a FactSet survey of 36 analysts.

In the same period a year ago, the company posted earnings of $14.21 a share on sales of $38.9 billion. It reported net income of $6.7 billion.

The stock has risen 23.1% since the company last reported earnings on April 28.

In the upcoming quarter analysts are forecasting adjusted net income of $8.5 billion, or $10.52 a share, on sales of $41.2 billion.

For the year, analysts project revenue of $169.7 billion.

Advanced Micro Devices

Advanced Micro Devices  (AMD) - Get Report is expected to report adjusted net income of $196.9 million, or 16 cents a share, on sales of $1.9 billion after the market closes on Tuesday, based on a FactSet survey of 32 analysts.

Starbucks

Starbucks Corp.  (SBUX) - Get Report is expected to report a loss of $670.8 million, or 59 cents a share, on sales of $4.1 billion after the market closes on Tuesday, based on a FactSet survey of 30 analysts.

In the same period a year ago, the company posted earnings of 78 cents a share on sales of $6.8 billion. It reported net income of $663.2 million.

Facebook

Facebook  (FB) - Get Report is expected to report adjusted net income of $4.5 billion, or $1.39 a share, on sales of $17.3 billion after the market closes on Wednesday, based on a FactSet survey of 41 analysts.

In the same period a year ago the company posted earnings of 91 cents a share on sales of $16.9 billion. It reported net income of $2.4 billion.

The stock has risen 19.8% since the company last reported earnings on April 29.

In the upcoming quarter analysts are forecasting adjusted net income of $5.6 billion, or $1.71 a share, on sales of $19 billion. For the year, analysts project revenue of $77.8 billion.

Beyond Tech

Colgate-Palmolive

Colgate-Palmolive Co.  (CL) - Get Report is expected to report net income of $596 million, or 69 cents a share, on sales of $3.8 billion before the market opens on Friday, based on a FactSet survey of 17 analysts.

In the same period a year ago, the company posted earnings of 72 cents a share on sales of $3.9 billion. It reported net income of $560 million.

Harley-Davidson

Harley-Davidson  (HOG) - Get Report is expected to report adjusted net income of $16.2 million, or 11 cents a share, on sales of $760.6 million before the market opens on Tuesday, based on a FactSet survey of 15 analysts. In the same period a year ago the company posted earnings of $1.46 a share on sales of $1.4 billion. It reported net income of $127.9 million.

Gilead

Gilead Sciences  (GILD) - Get Reportis expected to report net income of $1.8 billion, or $1.48 a share, on sales of $5.3 billion after the market closes on Thursday, based on a FactSet survey of 24 analysts.

Tiffany

Tiffany & Co.  (TIF) - Get Report is expected to report net income of $25.3 million, or 18 cents a share, on sales of $794 million before the market opens on Friday, based on a FactSet survey of 11 analysts. In the same period a year ago the company posted earnings of $1.12 a share on sales of $1 billion. It reported net income of $125.2 million.

Apple, Amazon, Alphabet, Starbucks and Facebook are holdings in Jim Cramer's Action Alerts portfolio.