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Apple, Facebook, Boeing are stocks to watch

MARKETWATCH 5:31 AM ET 04/23/14

Symbol Last Price Change
BA 127.55 0 (0%)
AAPL 531.699up 0 (0%)
FB 63.0301down 0 (0%)
DAL 34.95up 0 (0%)
DOW 48.94up 0 (0%)
GD 108.04down 0 (0%)
NOC 119.79down 0 (0%)
PG 81.25down +0 (+0%)
QCOM 80.61down 0 (0%)
TXN 46.59up 0 (0%)
ZNGA 4.56up 0 (0%)
ANGI 12.9up 0 (0%)
T 36.29up 0 (0%)
ISRG 422.33up 0 (0%)
GILD 72.86 0 (0%)
VMW 105.15up 0 (0%)
YUM 77.48up 0 (0%)
SKX 36.87up 0 (0%)
QUOTES AS OF 04:00:11 PM ET 04/22/2014

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Wednesday's session are Boeing Co.(BA), Apple Inc.(AAPL), and Facebook Inc.(FB)

Boeing (BA) is projected to report first-quarter earnings of $1.56 a share, according to a consensus survey by FactSet.

Apple (AAPL) is expected to post second-quarter earnings of $10.19 a share when it reports after the bell. "In our view, the ramp of the iPhone 6 (4.7-inch and 5.5-inch "iPhad"-like device) and iWatch in the second-half of calendar year 2014 are more important than Apple's(AAPL) fiscal second quarter 2014 performance and potentially soft fiscal third- quarter 2014 outlook. We also expect Apple(AAPL) to increase its return of cash to shareholders," said analyst Brian White at Cantor Fitzgerald in a note.

Facebook (FB) is forecast to report earnings of 24 cents a share in the first quarter. Facebook(FB) is reporting after the market closes. "We think 1Q advertising revenue has potential to exceed consensus expectation of $2.13 billion. We believe FB continues to grow market share and a change in algorithm during the quarter also helped," said Arvind Bhatia at Sterne Agee.

Delta Air Lines Inc. (DAL) is likely to post first-quarter earnings of 29 cents a share.

Dow Chemical Co. (DOW) is expected to report first-quarter earnings of 70 cents a share.

General Dynamics Corp. (GD) is projected to post $1.64 a share in the first quarter.

Northrop Grumman Corp. (NOC) is forecast to post first-quarter earnings of $2.15 a share.

Procter & Gamble Co. (PG) is likely to report third-quarter earnings of $1.02 a share.

After the market close

Qualcomm Inc. (QCOM) is expected to post second-quarter earnings of $1.22 a share.

Texas Instruments Inc. (TXN) is forecast to report first-quarter earnings of 41 cents a share.

Zynga Inc. (ZNGA) is projected to post a loss of a penny a share in the first quarter.

Angie's List Inc. (ANGI) likely to post a first-quarter loss of 6 cents a share.

Read: Angie's List(ANGI), JetBlue are primed for a short squeeze

After-hours Tuesday

After Tuesday's closing bell, AT&T Inc.(T) reported a first-quarter profit of $3.65 billion, or 70 cents a share, compared with $3.7 billion, or 67 cents a share, a year ago. Revenue rose 3.6% to $32.5 billion. Excluding one-time items, AT&T(T) earned 71 cents a share, beating analysts's average estimate of 70 cents a share. Shares of AT&T(T) were down 1.6% in extended trading.

Intuitive Surgical Inc. (ISRG) late Tuesday said first-quarter profit fell to $1.13 a share from $4.56 a share in the same period a year ago. Sales also shrank to $464.7 million against last year's $611.4 million. Both earnings and revenue fell short of analysts's expectations. Intuitive Surgical(ISRG) fell 4.1% in after hours.

Gilead Sciences Inc. (GILD) said late Tuesday its first-quarter profit more than doubled to $1.33 a share from 43 cents a share a year earlier. Revenue rose to $5 billion from $2.53 billion. On an adjusted basis, Gilead earned $1.48 a share, significantly better than 92 cents a share projected by analysts. The company also said sales of its hepatitis C drug Sovaldi hit $2.27 billion worldwide in the quarter. Gilead shares gained 3.6% in after-hours trade.

VMware Inc. (VMW) reported its first-quarter profit rose to $199 million, or 46 cents a share, from $173 million, or 40 cents a share, a year earlier. Revenue grew to $1.36 billion from $1.19 billion. Adjusted profit was 80 cents a share, slightly ahead of the 79 cents a share projected by analysts. VMWare(VMW) shares were mostly flat in after-hours trading.

Yum Brands (YUM) shares rose 4% after the parent of KFC(YUM), Taco Bell and Pizza Hut reported profit rose 18%, buoyed by a rebound in China demand.

Skechers USA (SKX) surged 17% after hours after profits per share of 61 cents topped the 33-cent average of analysts surveyed by FactSet.

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-Sue Chang; 415-439-6400; [e-mail]

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04-23-140531ET
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