This is a big night and week for earnings from technology companies. Some of the most influential tech names report earnings this week and the results could set the tone for investing in the sector. Wall Street will be watching closely.
Intel and Yahoo report tonight after the market close, IBM, Google and Microsoft release their first quarter numbers on Thursday, and then Apple is the one to watch next week.
The news tonight from Intel is not expected to be good. Earnings and revenues are forecast to drop sharply mostly because of the consumer shift away from PCs toward smartphones and tablet computers. The other big question hanging over the company: who will be the next CEO of Intel after Paul Otellini retires on May 16th, 2013. There will certainly be plenty of questions about that on the analyst call after earnings are reported.
As for Yahoo, there will be a lot of attention on the progress report from Marissa Mayer. The company’s stock has surged more than 50 percent since she took over as CEO in July. The quarterly numbers are expected to show a slow and steady improvement in earnings and revenues. She’s getting praise from analysts for making small strategic acquisitions, but Yahoo still is facing stiff competition from Google.
Technology is going through a lot changes and investors will get some clues on the winners and losers during this earning season.
Tune in tonight when we have the news and the analysis on what you can expect.