Four Big Companies Set To Report Earnings Late Thursday (SNDK, MSFT, RVBD, ASBC)
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:-
SanDisk Corporation(NASDAQ:SNDK) will report its first-quarter earnings after market hours. Analysts are estimating the company to report a profit of 70 cents a share, up from a year ago profit of $1.03 a share. Revenue is estimated to fall by a 5.10% to $1.23 billion, from a year ago revenue of $1.29 billion. The company had topped analysts’ estimates in the past four quarters. Shares of SNDK are down over 17% so far this year and 13% over the past one year.
Microsoft Corporation(NASDAQ:MSFT) is another tech bellwether, which is due to report its earnings later today. Analysts are optimistic on the company with projection of $0.58 a share, compared to a year ago profit of $0.61 a share. Revenue is estimated to grow by 4.60% to $17.18 billion, from a year ago revenue of $16.43 billion. So far this year, the stock is up over 21% and soared over 25% over the past one year. The stock recent made a multi-year high of $32.95.
Riverbed Technology, Inc.(NASDAQ:RVBD) shares jumped 4.66% to $28.06 ahead of its earnings later today. Analysts are estimating the company to report a profit of $0.20 a share, flat from a year ago profit of 20 cents a share. Revenue is estimated to grow by a 13.80% to $186.13 million, from a year ago revenue of $163.56 million. The company had beaten analysts’ estimates in the past four quarters. Shares of RVBD are up over 19% so far this year and down 16% over the past one year.
Associated Banc Corp(NASDAQ:ASBC) will report quarterly results after market hours. Analysts are estimating the company to report a profit of $0.23 a share, flat from a year ago profit of 9 cents a share. Revenue is estimated to increase by 0.20% to $226.41 million, from a year ago revenue of $225.90 million. Shares of ASBC are up over 20% so far this year and down 6% over the past one year.