The biggest mystery surrounding Apple’s (AAPL) June-quarter earnings report Tuesday is not whether Apple sold a zillion or a gazillion iPhones. It’s whether the company will break its silence and quantify how many Apple Watches it sold during that product’s first full quarter of availability. Wall Street analysts are expecting a bang-up quarter from Apple because of continued strong sales of its iPhone 6 series smartphones. The Cupertino,
Earnings season is now in high gear, with all eyes on Apple’s (AAPL) report Tuesday. While the iPhone maker should deliver another quarter of solid profit and sales growth, Apple isn’t on the IBD 50 list of the very best stocks. In the coming week, eight companies from the elite IBD 50 are on tap to report earnings: Starbucks (SBUX), Alaska Air (ALK), Manhattan Associates (MANH), Illumina (ILMN), Celgene (CELG), Valeant Pharmaceuticals (VRX),
Deep in transition, IBM (IBM) will report second-quarter earnings Monday with expectations for its 13th quarter in a row of year-over-year declining revenue. The consensus estimate is that IBM will report revenue of $20.94 billion, down 13% from the year-earlier quarter. Analysts polled by Thomson Reuters expect earnings per share minus items of $3.78, down 15%. Big Blue reports after the market close Monday. IBM has long been in transition,