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July 20, 2015

IBM to kick start stellar week of tech results

This week everyone from Amazon to Verizon to Microsoft are announcing earnings reports - CBR takes you through the week, highlighting those who you should keep an eye on.

By Ellie Burns

This week marks a busy 5 days of financial reporting, with some of the biggest UK, US and EU technology companies making important trading announcements.

Many of them are surely hoping to emulate the performance of Google and Netflix last week, both of whom post impressive earnings.

As ever, CBR has provided an easy-to-follow breakdown of the trading week ahead, so you can stay ahead of the financial curve.

Monday 20

IBM is due to report second-quarter results after the closing bell on Monday, with investors looking to see if the company will continue to disappoint or keep the positive momentum going.

IBM has missed revenue expectations for the past three quarters – let’s see if Big Blue can finally brake the trend this quarter.

Tuesday 21

Estimates have not been kind to SAP, with many analysts expecting decreased profit when the company announces its Q2 results. Another company trying to reverse its fortunes, the last two quarters has seen a decrease in net income, while revenue e has fallen an average of 7% YoY over the last four quarters.

Verizon – VZ.N
Good news for this comms giant as profits are expected to rise in the company’s Q2 results. With rival AT&T announcing results on Thursday, Verizon is expected to continue its steady uptick in revenue seen over the last two quarter. In the most recent quarter the company reported a 2% YoY revenue rise to $31.98bn.

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Microsoft – MSFT.OQ
It will be interesting to see if Microsoft’s recent myriad of business changes will impact its Q2 earnings. The headline news is expected to be the massive growth in its cloud business, though analysts estimate that that will be about it, with all other business units disappointing.

Yahoo! – YHOO.OQ
Yahoo’s Q2 earnings are expected to continue to underperform the market, with the stock having declined 22% in the fast half of the year alone. It remains to be seen if the company’s shift to mobile will result in boosted revenues.

Apple – AAPL.OQ
Apple is one company who never really needs to worry about finances, and its fiscal Q3 results are expected to be no different. Investors are always interested to know how many devices Apple has sold – the iPad is expected to continue its decline, while investors will be interested to see if Apple Watch sales dropped off following the initial launch.

GoPro has continued to beat estimates and expectations in all three quarters since its IPO in June 2014. The question is, can they beat estimates again? Earnings are estimated to be up, as are revenues leading many to call GoPro the ‘new apple’. Only time, and many more quarters, will tell if they can live up to the comparison.

Wednesday 22

Qualcomm – QCOM.OQ
Qualcomm seems to be in the same boat as IBM, with the weaknesses of Qualcomm and IBM looking to offset the strong gains of companies such as Apple for the tech sector’s total earnings.

Investor confidence may also have been impacted due to the EU’s antitrust investigations and rise of the cheap Chinese handset.

Texas Instruments – TXN.OQ
The chip maker is expected to show earnings growth, according to analysts who are estimating $0.65 per share – a $0.03 increase than the year-ago quarter.

Thursday 23 – AMZN.OQ
Many are excited about Amazon’s earnings, with the company recently expanding rapidly and aggressively. But will this business strategy convert to revenue? It would be a yes from the analysts, who almost all unanimously agree that the company will beat earnings estimates.

Amazon’s first Prime Day was sure to add fuel to the revenue fire, how much revenue fuel we have yet to find out.

AT&T – T.N
Analyst consensus is that the telecoms giant will declare $0.63 in EPS and $33.04 billion in revenue. A company which was largely thought to be dying out, there is renewed interest and optimism surrounding the company, with the completion of the DirecTV acquisition looking to boost dividend payout and provide a safer margin for growth going forward.

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