Goldman Sachs: Tomorrow's Headliners
NEW YORK (
) - All eyes will be on
Goldman Sachs
(GS) - Get Report
Tuesday with the bank is set to face questions about alleged fraud as it releases first-quarter results.
is expected to report a first-quarter profit of $4.01 a share on revenue of $11.16 billion. However, what Goldman's executive team says during the conference call will be more interesting to analysts and traders.
|
On Friday, the
Securities and Exchange Commission
charged
with defrauding investors by misstating and omitting key facts about subprime mortgage securities.
In response, Goldman said Friday that the chargers are "completely unfounded" and that it will "defend the firm and its reputation." What the bank says Tuesday about its first quarter will take a backseat to further remarks about the SEC's case.
Goldman aside, Tuesday is a very busy day on the earnings front as the reporting season moves into full swing.
Johnson & Johnson
(JNJ) - Get Report
,
UnitedHealth Group
(UNH) - Get Report
,
Novartis
(NVS) - Get Report
,
Delta Air Lines
(DAL) - Get Report
,
Eaton
(ETN) - Get Report
and
Coca-Cola
(KO) - Get Report
are only a handful of the companies set to report before the start of trading Tuesday.
The after-market session will be just as busy, with
Apple
(AAPL) - Get Report
,
Yahoo!
(YHOO)
and
Gilead Sciences
(GILD) - Get Report
among the names set to report earnings results.
Just as Goldman will field several questions unrelated to its earnings results on its conference call, Apple will likely face queries about a purported "lost" prototype of the
, which is expected to debut this summer.
Meanwhile, traders will also be watching Wall Street's reaction to
IBM's
(IBM) - Get Report
latest earnings, due out after the close of trading Monday. Big Blue should report a profit of $1.93 a share on revenue of $22.75 billion, according to Thomson Reuters.
-- Written by Robert Holmes in Boston
.
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