Stocks to Watch: GE, Intel, AT&T

NEW YORK -- General Electric ( GE) is expected by Wall Street analysts on Friday to post fourth-quarter earnings of 43 cents a share on revenue of $38.74 billion.

The industrial conglomerate posted earnings of 36 cents in the third quarter, and 39 cents during the year-earlier fourth quarter.

CEO Jeff Immelt said last month that "we feel good about how we are positioned" for 2013, but the GE chief also was careful to lower investors' expectations for the quarter.

General Electric Earnings: What to Expect

Intel ( INTC), the world's largest chipmaker, exceeded analysts' fourth-quarter earnings estimates but issued guidance for the first quarter and full year 2013 below Wall Street views.

Intel reported fourth-quarter earnings of 48 cents a share on revenue of $13.5 billion. Gross margins came in at 58%, 100 basis points better than the company was expecting.

Analysts expected Intel to report fourth-quarter earnings of 45 cents a share on $13.53 billion in revenue.

Intel said it expects first-quarter revenue of $12.7 billion, plus or minus $500 million. Gross margin is expected to be 58%, plus or minus a few hundred basis points. Analysts expect earnings of 39 cents a share on sales of $12.9 billion.

Intel's Q4 Gives Wall Street Indigestion

Morgan Stanley ( MS) is expected by analysts Friday to post fourth-quarter earnings of 27 cents a share on revenue of $7.02 billion.

Morgan Stanley, Some Regional Banks Could Soar in 2013

AT&T ( T) said Thursday it would record a $10 billion fourth-quarter charge related to its pension and benefit plans.

The telecommunications giant also warned that high smartphone subsidies will put pressure on its fourth-quarter profit.

"Due to the high subsidies on these devices, we expect a near-term pressure on operating income, margins, and earnings per share in the fourth quarter of 2012," AT&T said, in an 8-K filing with the Securities and Exchange Commission.

AT&T is scheduled to report fourth-quarter results next Thursday.

AT&T Shares Slip on $10B Charge

American Express ( AXP) posted a 47% decline in fourth-quarter net income, as the credit card issuer incurred charges related to restructuring costs and other expenses.

Adjusted earnings of $1.09 a share topped Wall Street estimates.

Johnson Controls ( JCI) is expected by analysts to report fiscal first-quarter earnings of 51 cents a share on revenue of $10.25 billion.

-- Written by Joseph Woelfel

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