Apple, Apple, Apple. All eyes are on Apple's ( AAPL) quarterly earnings, which just crossed the wires. In typical fashion, Apple blew away estimates for the reporting quarter and appeared conservative in its guidance for the next quarter. The iPod, iPhone and Mac computer maker reported fiscal second-quarter earnings of $1.33 a share on revenue of $8.16 billion, topping not only the consensus estimate of $1.09 a share on revenue of $7.95 billion, but its own previous guidance for earnings between 90 cents and $1 a share on revenue between $7.6 billion and $7.8 billion. Looking ahead to its fiscal third quarter, Apple said it expects earnings in a range of 95 cents to $1 a share compared to estimates for a profit of $1.12 a share. Apple expects third-quarter revenue of $7.7 billion to $7.9 billion, compared to the Thomson Reuters average estimate of $8.3 billion. Of course, Apple wasn't the only tech giant out with earnings after the closing bell. eBay ( EBAY) beat earnings and revenue estimates for the first quarter and provided second-quarter guidance that was in line with the Thomson Reuters average estimates. Qualcomm ( QCOM), meanwhile, postponed its earnings release and call until April 27 due to advanced settlement discussions with Broadcom ( BRCM)regarding a global settlement of disputes between the two companies.
The earnings lineup for Thursday is long and represents a wide swath of industries. ConocoPhillips ( COP), EMC ( EMC), Marriott ( MAR), Nucor ( NUE), Phillip Morris ( PM), UPS ( UPS) and Union Pacific ( UNP), among many others, are set to report early Thursday.