Earnings Preview For Wednesday: Ford (F), Sprint Nextel (S), Qualcomm (QCOM), Procter & Gamble (PG), Boeing (BA)

Category: Companies / Apr 23, 2013 7:13PM EDT
Wednesday, Ford Motor Company (NYSE: F) and The Boeing Company (NYSE: BA) will report earnings before the market opens along Sprint Nextel Corporation (NYSE: S) and The Procter & Gamble Co. (NYSE:PG). Qualcomm Inc. (Nasdaq: QCOM) reports after the bell Wednesday. Ford is reporting before the bell with analysts hinting that the company could post its most profitable first quarter ever, but investors will be keeping a close eye on Europe as it remains a drag on the company and its stock price. Reuters analysts expect Ford to report first quarter earnings per share of 37 cents on $33.78 billion in revenues. Boeing also reports before the market opens with analysts still questioning how much the grounding of the Dreamliner and fixing them will end up costing the company. Boeing is expected to report first quarter earnings per share of $1.47 on $18.83 billion in revenues, according to analysts polled by Thomson Reuters. Sprint Nextel is expected to book a wider loss than a year ago when it reports first quarter earnings, with analysts expecting a loss of 34 cents per share, down from a loss of 29 cents per share a year ago. Investors will be closely watching the company’s net postpaid subscriber additions for the quarter to see if the company is continuing on its strong iPhone performance so far. The Procter & Gamble Company is expected to report increased profit in its fiscal third quarter as cost-cutting and increased domestic market share offset weakened profit margins. The company, which will report earnings on Wednesday before the market opens, is expected to report net income of $2.79 billion, or 96 cents per share, compared with $2.41 billion, or 94 cents per share, in the same period a year earlier, according to a survey of analysts by Thomson Reuters. Investors are watching the company’s earnings to gauge whether high unemployment and tax hikes have weighed on consumer’s pocket books. And finally, after the bell on Wednesday Wall Street expects Qualcomm it to report second-quarter earnings that are up over 16 percent from a year ago. The company should provide a good look into the status of the smartphone market as it’s a leading provider of chip technology used by Apple, Samsung and many providers of Google Android phones. Analysts polled by Thomson Reuters expect revenue to rise 22% to $6 billion. It would be the 11th straight quarter of double-digit growth.