Quote from S2007S:
Who knows how long they are going to have the record breaking quarterly earnings but eventually there is a peak and then a drop and I think in 2010 most companies will see peak earnings as the economy slows down once again, only reason these companies are seeing great results is due to huge cost cuts taken over the last 18 months and huge inflow of stimulus into the economy.
June 2009 of last year IBM surprised by 14.9% or 30 cents to $2.32
June of 2009 of last year TXN surprised by 5.50% or 1 cent to $0.20
Chip maker Texas Instruments Inc. (TXN: News ) expects second quarter profit of $0.60 - $0.64 per share on revenues $3.45 billion - $3.59 billion, while the Street views profit of $0.62 per share, on revenues of $3.52 billion. A year earlier, it earned $0.20 per share on revenues of $2.46 billion. The quarterly results will be released after the bell, Monday.
Monday, after the bell, technology giant International Business Machines Corp. (IBM: News ) is set to release second-quarter financials, with analysts looking for $2.58 per share on revenues of $24.17 billion. In the previous year, IBM earned $2.32 per share on revenues of $23.25 billion.
Quote from S2007S:
Who knows how long they are going to have the record breaking quarterly earnings but eventually there is a peak and then a drop and I think in 2010 most companies will see peak earnings as the economy slows down once again, only reason these companies are seeing great results is due to huge cost cuts taken over the last 18 months and huge inflow of stimulus into the economy.
June 2009 of last year IBM surprised by 14.9% or 30 cents to $2.32
June of 2009 of last year TXN surprised by 5.50% or 1 cent to $0.20
Chip maker Texas Instruments Inc. (TXN: News ) expects second quarter profit of $0.60 - $0.64 per share on revenues $3.45 billion - $3.59 billion, while the Street views profit of $0.62 per share, on revenues of $3.52 billion. A year earlier, it earned $0.20 per share on revenues of $2.46 billion. The quarterly results will be released after the bell, Monday.
Monday, after the bell, technology giant International Business Machines Corp. (IBM: News ) is set to release second-quarter financials, with analysts looking for $2.58 per share on revenues of $24.17 billion. In the previous year, IBM earned $2.32 per share on revenues of $23.25 billion.