Wall Street is looking for another strong quarter from Intel as the second quarter earnings season gets underway.
Following strong earnings results by IBM and Intel, Wall Street appears to be increasingly confident that Microsoft will also deliver better than expected quarterly results.
After four consecutive quarters of y/y revenue declines, Intel is expected to return to positive sales growth this quarter.
Business is picking up nicely for Intel and this will likely be the last quarter they will have to report y/y sales declines.
So now all eyes are focused on the twelve Dow stocks that report earnings this week. Should we expect more strong results or are these stocks going to deliver earnings misses that will sink the market? Here are exclusive earnings previews of these Dow stocks second quarter results:
Corporate IT spending has languished in the first half of the year, but with increasing stabilization in the financial markets enterprise spending is expected to rebound in the coming months.
Despite the weak global PC market, we expect that Hewlett Packard will report quarterly results that are at the top end of their conservative guidance range.
The network equipment vendor has a strong track record of exceeding Wall Street’s consensus estimates and we feel that they should be able to do so again this quarter.
Last month, Best Buy reported better than expected quarterly results and this week Intel did the same. We view those both as positive indicators for Microsoft’s upcoming earnings announcement.
Intel’s shares have appreciated over the last few weeks in anticipation of a possible earnings beat. However, we remain cautious on the company’s performance given the current economic environment.
