There’s quite a few big-time names reporting today and you can expect they will have an impact on the market. Amazon.com, (AMZN, $79.60, down $0.58). After beating estimates for a few quarters on its way to $100 a share, Amazon could face an uphill battle if earnings are only in-line.
Wednesday's Earnings Watch
McDonald’s (MCD, $58.31, down $0.37) reported earnings this morning and despite overall good numbers the stock is trading lower. The company said earnings grew 24% as net income reached $946 million, or $0.81 a share, helped by strong international sales. However, investors focused on the fact that sales fell slightly
Here’s a look at companies that are reporting today: Bank of America (BAC, $38.56). The company just reported earnings of $1.2 billion, or $0.23 a share on $17 billion in revenue. Analysts had expected earnings of $0.41 and revenue of $16.5 billion. Here again, a mixed report as earnings were
Google Reports After the Bell
Google (GOOG, $454.73, down $0.30) is set to report earnings after the market closes today and analysts are expecting $4.52 per share on revenue of $3.6 billion. The last time the company reported they disappointed the Street and the stock got nailed falling from $584 to a low of $519