This coming week is jam-packed with earnings reports, corporate events and economic updates. Here’s a breakdown of the top five to watch. 1. Apple (AAPL) reports fiscal Q2 earnings after the close on Monday. Analysts expect 30% EPS growth and 23% revenue growth. The Apple Watch became commercially available Friday, but analysts are divided on how well the smartwatch will sell beyond the early-adopter Apple fanatics. 2. The Q1 GDP report will be
After five straight quarters of accelerating earnings growth, Apple’s (AAPL) torrid pace is seen easing in the March quarter. The Cupertino, Calif.-based consumer electronics company is scheduled to report fiscal second-quarter earnings after the market close Monday. Analysts polled by Thomson Reuters expect Apple to earn $2.15 a share, up 29.5% year over year, on sales of $55.91 billion, up 22.5%. Over the last five quarters, Apple’s year-over-year EPS growth has been 5%, 15%, 19.6%, 20.3% and 48%. After a monster December quarter, fueled by the release of the iPhone 6 and iPhone 6 Plus, Apple’s growth is expected to decelerate but remain at an enviable level for a company of its size. Apple’s sales had accelerated the last prior quarters, but they’re expected to dip a bit in Q2. Apple’s year-over-year revenue growth for the last four quarters has been 5%, 6%, 12% and 30%. Key to the quarterly…
While the tech-heavy Nasdaq stock index is nearing its all-time intraday high, shares of top chipmakers have tumbled — even those that supply Apple (AAPL) — and are now below key levels of support. The selloff appeared to begin Wednesday, when Texas Instruments (TXN) said Q1 sales were hurt by weak PC demand and offered disappointing Q2 guidance. Also on Wednesday, wireless chipmaker Qualcomm (QCOM) slashed its 2015 earnings and sales forecasts,