2 Tech Stocks in High Demand Before Earnings
Google, Inc. (NASDAQ:GOOG) will unveil its latest earnings on Thursday, October 13, 2011. The average estimate of analysts is for profit of $7.59 per share, a rise of 12.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $7.16. Between one and three months ago, the average estimate moved up. It has been unchanged at $7.59 during the last month.
Analysts are projecting profit to rise by 17.3% versus last year to $30.85. The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of $7.66 per share against a mean estimate of profit of $6.79 per share. In the first quarter, it missed forecasts by 10 cents. On average, analysts predict $7.19 billion in revenue this quarter, a rise of 31.2% from the year ago quarter. Analysts are forecasting total revenue of $28.66 billion for the year, a rise of 30.3% from last year’s revenue of $22 billion.
Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Yahoo! Inc. (NASDAQ:YHOO), Baidu.com, Inc. (NASDAQ:BIDU), Apple Inc. (NASDAQ:AAPL), AOL, Inc. (NYSE:AOL), Amazon.com, Inc. (NASDAQ:AMZN), Adobe Systems Incorporated (NASDAQ:ADBE), Demand Media Inc (NYSE:DMD), IAC/InterActiveCorp (NASDAQ:IACI), and Answers Corporation (NASDAQ:ANSW).
Fairchild Semiconductor International (NYSE:FCS) will unveil its latest earnings on Thursday, October 13, 2011. The average estimate of analysts is for net income of 32 cents per share, a decline of 23.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 32 cents during the last month.
For the year, analysts are projecting profit of $1.42 per share, a decline of 6% from last year. Last quarter, the company beat estimates by one cent, coming in at net income of 41 cents a share versus the estimate of profit of 40 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a decline of 2.5% in revenue from the year-earlier quarter to $404.2 million.
Competitors to Watch: ON Semiconductor Corp. (NASDAQ:ONNN), National Semicond. Corp. (NYSE:NSM), Texas Instruments Inc. (NYSE:TXN), Intersil Corporation (NASDAQ:ISIL), Diodes Incorporated (NASDAQ:DIOD), STMicroelectronics N.V. (NYSE:STM), Intel Corp. (NASDAQ:INTC), Microsemi Corporation (NASDAQ:MSCC), Maxim Integrated Products Inc. (NASDAQ:MXIM), and Analog Devices, Inc. (NYSE:ADI).