|Home||Member Services||Tools & Research||About Us||Education||Subscribe||Your Account||Help||Logout|
Earnings Takes A Step Back
Earnings season continues this morning and the companies that have come out after the bell yesterday and before the market opened this morning left much to be desired. We are going to concentrate on four large companies, all of which I am sure we are all familiar with.
The first is Intel (INTC), which kicked off tech earnings season, and even after a warning back in the beginning of September, the results left the Street disappointed. Revenue was actually slightly above the Street's expectations, while earnings per share handily beat the Street's estimates. However, the story of the earnings season thus far has been expectations, and the Company is being affected by slower PC demand and the growth of tablets and smartphones. The stock was down in the aftermarket and is indicating a weak open this morning.
Next is Big Blue, no not the New York football Giants, but IBM. The Company reported declining third-quarter revenue in each of its major segments, including a double-digit dip in hardware sales, the latest indication that businesses could be cutting back on technology spending. IBM only backed its full-year earnings view rather than raising it for the first time this year, adding to investors' disappointment.
Products & Services |
In The Media |
About Us |
All Rights Reserved.