Several U.S. corporate giants are reporting quarterly earnings Tuesday, January 29, in what is likely to be a market-shaping batch of earnings.
"We now face a potentially pivotal week," wrote UBS Global Wealth Management's Chief Investment Office in a note out Monday morning. One huge key that January's rally hinges on, according to UBS, is that "another quarter of the S&P 500 reports this week."
Apple Inc. (AAPL - Get Report) reports its first quarter for the fiscal year 2019 earnings report after the market closes Tuesday January 29. Analysts are expecting adjusted earnings-per-share of $4.17 on $83.97 billion of revenue.
Advanced Micro Devices Inc. (AMD - Get Report) reports fourth quarter 2018 earnings results after the closing bell Tuesday. Wall Street is expecting adjusted EPS of 82 cents, which would represent a 2.5% year-over-year growth rate. GAAP EPS is expected to be 51 cents, a 15.6% decrease. Revenue is expected to be $1.44 billion.
eBay Inc. (EBAY - Get Report) reports fourth quarter earnings after the closing bell Tuesday. Analysts are looking for adjusted EPS of 68 cents, but GAAP EPS of 89 cents. Revenue is expected to be $2.87 billion.
Allergan PLC (AGN - Get Report) reports fourth quarter earnings before the market opens Tuesday. Analysts are looking for a GAAP loss per share of 44 cents and adjusted EPS of $4.16 on revenue of $4 billion. Allergan just announced a quarterly cash dividend for the first quarter of 2019 of 74 cents a share, bringing its dividend yield up to above 1.88%.
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