Four Big Companies To Report Earnings After Market Hours (CREE, IBM, STX, YHOO)
Several technology companies are due to report their quarterly earnings after today market close. Following are the estimates for the upcoming earnings from the Technology sector.
Cree, Inc. (NASDAQ:CREE) will report its third quarter earnings. Analysts are estimating the company to report a profit of 21 cents a share, down from a year ago profit of 27 cents a share. Revenue is estimated to grow by a whopping a 37.20% to $300.76 million, from a year ago revenue of $219.17 million. The company had missed analysts’ estimates in the past two quarters. Shares of CREE are up over 40% so far this year, but down 25% over the past one year.
International Business Machines Corp. (NYSE:IBM) is another tech bellwether, which is due to report its quarterly earnings later today. Analysts are optimistic on the company with projection of $2.65 a share, 24 cents higher than a year ago profit of $2.41 a share. Revenue is estimated to grow marginally by 0.70% to $24.77 billion, from a year ago revenue of $24.61 billion. So far this year, the stock is up over 10% and soared over 22% over the past one year. The stock recent made an all-time high of $210.69.
Seagate Technology PLC (NASDAQ:STX) is due to report its earnings later today. Analysts are estimating the company to report a profit of $2.11 a share, up from a year ago profit of 25 cents a share. Revenue is estimated to grow by a whopping a 62.40% to $4.38 billion, from a year ago revenue of $2.70 billion. The company had beaten analysts’ estimates in the past four quarters. Shares of STX are up over 75% so far this year and 62% over the past one year.
Yahoo! Inc. (NASDAQ:YHOO) will report first quarter results after market hours. Analysts are estimating the company to report a profit of $0.17 a share, flat from a year ago profit of 17 cents a share. Revenue is estimated to fall marginally by 0.50% to $1.06 billion, from a year ago revenue of $1.06 billion. The company had beaten analysts’ estimates in the past four quarters. Shares of YHOO are down over 8% so far this year and 11% over the past one year.