The Country Caller reviews whisper numbers for American Express and Qualcomm, both of which are headed to release their respective quarterly earnings after the closing bell today
Leading chip maker QUALCOMM, Inc. (NASDAQ:QCOM) and credit card maker American Express Company (NYSE:AXP) are about to release their results for their respective quarters after markets close today. Both the companies are expected to post mixed results this season, as the estimates suggest.
For its second quarter of fiscal year 2016, the chip maker is expected to post 96 cents in earnings per share, as the consensus says. While this lies within the company’s guided range of $0.90-1.00, calling for a 29-36% year-on-year decline, earningswhispers.com forecasts an EPS of $1.02, suggesting Qualcomm might beat the consensus on earnings this quarter.
The Street says Qualcomm would post revenues of $5.29 billion this quarter, in-line with its guided range of $4.9-5.7 billion. In contrast, Estimize says the company would beat the Street by posting $5.34 billion. The company’s guided range calls for a 17-29% YoY decline in its top line.
For its first quarter, Qualcomm reported an EPS of 97 cents, down 28% YoY. Sales for the quarter declined 19% from the year-ago period to $5.8 billion.
For the first quarter of fiscal year 2016, the consensus forecasts American Express to post $1.36 in EPS. In contrast, earningswhispers.com says the company is likely to surpass the consensus by one cent on this metric.
The consensus revenue estimate for 1QFY16 stands at $8.08 billion. Estimize.com says the company would rather miss the Street on revenues by posting a figure of $7.99 billion.
For 4QFY16, American Express reported an EPS of 89 cents, down 36% from the year-ago period. Its top line figure declined 8% YoY to $8.39 billion.