Four Big Companies Set To Report Earnings Late Wednesday (EBAY, QCOM, FFIV, YUM)
Several technology companies are due to report their quarterly earnings after today market close. Following are the estimates for the upcoming earnings from the large cap companies:-
eBay Inc (NASDAQ:EBAY) will report its first-quarter earnings after market hours. Analysts are estimating the company to report a profit of 52 cents a share, up from a year ago profit of 47 cents a share. Revenue is estimated to grow by a whopping a 23.90% to $3.15 million, from a year ago revenue of $2.55 billion. The company had topped analysts’ estimates in the past four quarters. Shares of EBAY are up over 19% so far this year and 15% over the past one year.
QUALCOMM, Inc. (NASDAQ:QCOM) is another tech bellwether, which is due to report its second quarter earnings later today. Analysts are optimistic on the company with projection of $0.96 a share, 10 cents higher than a year ago profit of $0.86 a share. Revenue is estimated to grow by 25.10% to $4.84 billion, from a year ago revenue of $3.87 billion. So far this year, the stock is up over 23% and soared over 27% over the past one year. The stock recent made an multi-year high of $68.87.
F5 Networks, Inc. (NASDAQ:FFIV) is due to report its second-quarter earnings later today. Analysts are estimating the company to report a profit of $1.07 a share, up from a year ago profit of 88 cents a share. Revenue is estimated to grow by a 20.80% to $335.33 million, from a year ago revenue of $277.57 million. The company had beaten analysts’ estimates in the past four quarters. Shares of FFIV are up over 16% so far this year and 31% over the past one year.
Yum! Brands, Inc. (NYSE:YUM) will report first-quarter results after market hours. Analysts are estimating the company to report a profit of $0.73 a share, flat from a year ago profit of 63 cents a share. Revenue is estimated to increase by 11.40% to $2.70 billion, from a year ago revenue of $2.42 billion. The company had beaten analysts’ estimates in the past three quarters. Shares of YUM are down over 24% so far this year and 43% over the past one year.