Monday, July 22, 2013

Tech stocks: Apple, Facebook earnings preview


Apple logo (Photo: Paul Sakuma, AP)


Two important quarterly earnings reports from the tech sector land later this week. Let's take a look at the tech stocks to watch Monday:


Apple stock creeps upward. Shares of the Cupertino, Calif., company are up slightly as the company prepares to report third-quarter earnings after the markets close Tuesday.


Analysts are forecasting quarterly revenue $35 billion with an earnings-per-share of $7.30. Investors are seeking fresh reasons to get excited about Apple stock, which has slowly plummeted after soaring to an all-time high of $702 last September.


A report from The Wall Street Journal claims Apple is testing out larger screens for future iPad tablets and iPhones.


Facebook quarterly earnings Wednesday. The social network's stock is up a lalf-percent in pre-market trading with its second-quarter report arriving later this week. Estimates suggest Facebook will report $1.62 billion in revenue and a $0.14 earnings-per-share.


Mobile growth will likely remain the focus for investors Wednesday, as they seek continued signs of expansion from Facebook. Last quarter, Facebook reported 751 million monthly mobile visitors, a 54% surge from the same time last year.


AT&T shares slip. The telecommunications giant's shares are down slightly ahead of second-quarter earnings after the markets close Tuesday.


The report comes after AT&T joined other wireless carriers in offering an early upgrade program. Their service, AT&T Next, allows consumers to upgrade their smartphone or tablet after 12 months. Both T-Mobile and Verizon recently revealed similar programs.


Follow Brett Molina on Twitter: @bam923.

No comments:

Post a Comment