On Tap Today: Qualcomm, Wendy's Earnings; Third-Quarter Productivity Data Released
Large-cap tech company Qualcomm (QCOM) - Get QUALCOMM Incorporated Report dials in fourth-quarter results today. Ahead of its release, the communications company's stock closed down 5.6% yesterday. Concerns about Qualcomm's exposure to beleaguered satellite company Globalstar Telecommunications (GSTRF) have dogged its stock in recent days.
On the economic front,
Productivity and Unit Labor Costs, a key measure of productivity, hits the Street.
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.
Economic Data
(
Forecasts are from
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Reuters
. Times are Eastern. For a longer-term economic calendar and more, see
TSC's
Economic Databank.
)
- 8:30 a.m.:
Initial jobless claims for the week ended Saturday. Source:
Labor Department. Forecast: n.a. Previous: 305,000.
Four-week average: Forecast: n.a. Previous: 307,500.
8:30 a.m.:
Productivity. Source:
Labor Department. Forecast: +3.1%. Previous: +5.7%.
Unit labor costs Forecast: +1.5%. Previous: -0.4%.
10 a.m.:
Leading economic indicators for September. Source:
Conference Board. Forecast: unchgd. Previous: -0.1%.
