GM, Citi and IBM to Watch

123jump.com Staff
16 Oct, 2005
New York City

Earnings news is likely to overshadow light economic calendar for the week of of Oct 17th. More than four hundred companies to report earnings this week. Citigroup, IBM, GM, Nokia, Intel, Google, eBay, Merrill Lynch and Peabody Corp to dominate earnings news of the week. General Motors earnings report to focus on North American operations and negotiations with labor union to cut healthcare costs.

The earnings season is in full swing. More than four hundred companies are on the earnings calendar this week. Companies in automotive, technology, manufacturing, financial services and Internet sector are likely to dominate the earnings calendar for the week of October 17th.

Here is a synopsis of what to expect from some of the leading companies on the earnings calendar.

On Monday at 8:30 AM, General Motors ((GM)) is scheduled to report third quarter loss of 87 cents vs. profit of 78 cents a year ago on revenue of $35billion. General Motors is locked in tense negotiations with its labor union UAW to explore ways to cut annual healthcare cost of $5.5 billion. General Motors stock has lost close to 30% in the last twelve months of trading.

On Thursday, Ford Motor Company, ((F)) is scheduled to report third quarter loss of 9 cents vs. profit of 28 cents on revenue of $32 billion. The stock has lost one third of its value in the last one year of trading.

Microprocessor and chip giant Intel, ((INTC)) is scheduled to report earnings of 33 cents vs. 30 cents a year ago on revenue of $9.9 billion. The stock has gained 8% in last one year of trading and lost close to 18% in the last three months of trading.

Utility company American Electric Power, ((AEP)) is scheduled to report third quarter earnings of 74 cents vs. 80 cents a year ago. The stock has jumped close to 12% in a year of trading.

Citigroup, ((C)) is scheduled to report at 8:00 AM on Monday third quarter earnings of 99 cents on revenue of $20.47 billion. The stock has lost 2% in the last three months of trading but gained 2% in the last one year of trading.

Weyerhaeuser Co., ((WY)) forest products distributor, is expected to report on Friday a Q3 net profit of 99 cents a share on revenue of $5.70 billion, down from a net profit of $1.62 a share in the comparable period last year. The company stock has lost 5 % over the last three months.

Google Inc., ((GOOG)) Web search and online advertising services provider, is expected to report on Thursday a quarterly net profit of $1.36 a share on revenue of $940.06 million, up from a net profit of 70 cents a share in the year-earlier period. The company stock has lost 2% over the last three months.

RadioShack Corp., ((RSH)) consumer electronic goods retailer, is expected to report on Friday a Q3 net profit of 37 cents a share on revenue of $1.15 billion, down from a net profit of 43 cents a share in the year-ago period. The company stock has lost 2% over the last three months.

American Standard Companies Inc., ((ASD)) household appliances manufacturer, is expected to report on Tuesday a Q3 net profit of 78 cents a share on revenue of $2.58 billion, up from a net profit of 65 cents a share in the same time last year. The company stock has gained 3% over the last three months.

Eaton Corp., ((ETN)) electrical, automotive, and truck products manufacturer, is expected to post on Monday a quarterly net profit of $1.33 per share on revenue of $2.76 billion, up a penny from the comparable period last year’s net profit per share. The company stock has lost 4% over the last three months.

Brown & Brown Inc., ((BRO)) general insurance agency operator, is expected to report on Monday a Q3 net profit of 51 cents per share on revenue of $192.30 million, up vs. a net profit of 43 cents per share in the year-ago period. The company stock has gained 13 % over the last three months.

Great Atlantic & Pacific Tea Co. Inc., ((GAP)) retailer, is expected to post on Tuesday a Q2 net loss of 85 cents a share on revenue of $2.53 billion, up from a net loss of $1.22 per share in the year-ago period. The company stock has lost 12% over the last three months.

Abbott Laboratories, ((ABT)) health care products manufacturer, is expected to report on Wednesday a Q3 net profit of 58 cents a share on revenue of $5.39 billion, up from a net profit of 53 cents per share in the same time last year. The company stock has lost 10% over the last three months.

List of stocks to watch for the week of Oct 17th, 2005

Monday

General Motors
Citigroup
American Electric Power
Eaton Corp
IBM
Rambus
Wachovia Corp

Tuesday

3M
Canadian National Railway
Intel
Kraft
Merrill Lynch
Mellon Corp
Motorola
Parker Hannifin
Peabody Corp
Ryland
Safeway
Johnson & Johnson

Wednesday

Bank of America
Eastman Kodak
eBay
Honeywell
EMC
Netflix
The New York Times Company
Washington Mutual

Thursday

Ford Motor Company
Google
JetBlue
Nokia
SanDisk
Bank of New York
Whirlpool

Friday

RadioShack
Reebok
Ericsson
Weyerhaeuser
Xerox
Wyeth
VF Corp
Schulmberger
AT & T