Verizon, United Continental, Starbucks earnings in focus

2015-01-22

Among the companies whose shares are expected to see active trade in Thursday’s session are Verizon Communications Inc., United Continental Holdings Inc., and Starbucks Corp.

Verizon VZ, +0.15%  is projected to report fourth-quarter earnings of 71 cents a share, according to a consensus survey by FactSet.

United Continental UAL, +1.73%  is forecast to post fourth-quarter earnings of $1.22 a share.

Starbucks SBUX, +0.08%  is expected to post fiscal first-quarter earnings of 80 cents a share.

Southwest Airlines Co. LUV, +2.55%  is likely to report earnings of 55 cents a share in the fourth quarter.

Travelers Cos. TRV, -0.78%  is forecast to post earnings of $2.54 a share in the fourth quarter.

Union Pacific Corp. UNP, +0.39%  is projected to report fourth-quarter earnings of $1.52 a share.

Capital One Financial Corp. COF, -0.23%  is expected to post fourth-quarter earnings of $1.75 a share.

E-Trade Financial Corp. ETFC, -2.11%  is likely to post fourth-quarter earnings of 26 cents a share.

Intuitive Surgical Inc. ISRG, -0.72%  is projected to report fourth-quarter earnings of $3.59 a share.

Late Wednesday

After Wednesday’s closing bell, eBay Inc. EBAY, -0.56% reported adjusted fourth-quarter earnings of 90 cents a share on revenue of $4.92 billion. Analysts surveyed by FactSet had estimated 89 cents a share on revenue of $4.93 billion. EBay also said it will cut 7% of its workforce, or 2,400 jobs from eBay Marketplaces, PayPal, and eBay Enterprise in 2015.

Xilinx Inc. XLNX, +1.10%   said its third-quarter earnings slid to $168.5 million from $175.9 million in the year-earlier period. On a per-share basis, the company earned 62 cents compared with 61 cents a year ago. Analysts surveyed by FactSet on average had expected the company to turn a profit of 61 cents a share.

American Express Co. AXP, +0.47%  reported its fourth-quarter earnings rose to $1.45 billion, or $1.39 a share, from $1.31 billion, or $1.21 a share, in the same period a year ago. Revenue rose 7% to $9.11 billion, with as card member spending rose 6%.

SanDisk Corp. SNDK, +2.08%  said its fourth-quarter net income fell to $294 million, or $1.30 a share, from $390 million, or $1.71 a share, in the year-earlier period. Analysts on average were calling for adjusted earnings per share of $1.26. Quarterly revenue was $1.74 billion, virtually flat from a year ago.

F5 Networks Inc. FFIV, -0.24%  shares dropped 15% to $106.80 on heavy volume after the company issued a weaker than expected outlook for the current quarter.

SLM Corp. SLM, +0.62%  shares fell 7.7% to $8.94 on moderate volume after the government-sponsor student-loan enterprise better known as “Sallie Mae” forecast core earnings for the year that fell below the Wall Street consensus.

Shares of Endo International PLC ENDP, -1.51%  rose 2.9% to $82.15 on moderate volume after Standard & Poor’s said they would add the drug maker to the S&P 500 Index.

Discover Financial Services DFS, -0.05%  shares declined 3.3% to $58.85 on moderate volume after the credit-card issuer’s fourth-quarter profit fell short of expectations.