The week in preview: Earnings crunch expected to reveal lots of lower profits - Trey Thoelcke

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The week in preview: Earnings crunch expected to reveal lots of lower profits
Jul 19, 2009 06:00 PM UTC

Trey Thoelcke

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Via BloggingStocks:

Filed under: Earnings reports, Forecasts, Economic data

The earnings crunch begins in earnest this week, and analysts surveyed by Thomson Reuters are expecting a parade of companies reporting profit declines in the just completed quarter. That includes more financials, such as American Express Co. (NYSE: AXP), Bank of New York Mellon Corp. (NYSE: BK), M&T Bank Corp. (NYSE: MTB), Northern Trust Corp. (NASDAQ: NTRS), State Street Corp. (NYSE: STT), US Bancorp (NYSE: USB), and Wells Fargo & Co. (NYSE: WFC). On the other hand, Capital One Financial Corp. (NYSE: COF), E*Trade Financial Corp. (NASDAQ: ETFC), Regions Financial Corp. (NYSE: RF), and Zions Bancorp. (NASDAQ: ZION) are expected to post losses.

This week's anticipated earnings decliners also include tech companies such as Apple Inc. (NASDAQ: AAPL), Lexmark International Inc. (NYSE: LXK), Microsoft Corp. (NASDAQ: MSFT), Qualcomm Inc. (NASDAQ: QCOM), Texas Instruments Inc. (NYSE: TXN), and Yahoo! Inc. (NASDAQ: YHOO). Advanced Micro Devices Inc. (NYSE: AMD) is expected to post a loss.

Continue reading The week in preview: Earnings crunch expected to reveal lots of lower profits

The week in preview: Earnings crunch expected to reveal lots of lower profits originally appeared on BloggingStocks on Sun, 19 Jul 2009 13:00:00 EST. Please see our terms for use of feeds.

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