Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), SanDisk Corporation (NASDAQ:SNDK) and American Express Company (NYSE:AXP) will post their first quarter earnings on Wednesday. Google is expected to post higher profits due to its recent strategies concerning advertising. SanDisk is also expected beat earnings estimates this quarter, and analysts are positive on the performance of American Express.
SanDisk expected to beat estimates
SanDisk Corporation (NASDAQ:SNDK) will post its first quarter earnings results on Apr 16. Analysts at Zacks believe the company to beat earnings estimates this quarter. SanDisk acquired SMART Storage Systems, which is expected to boost the company’s offerings in the Enterprise SSD segment. Another factor in favor of the company is that Apple Inc. (NASDAQ:AAPL) is a major client, therefore, long-term NAND supply agreement with such clients will help the company to achieve price and cost benefits. Analysts are confident on the company’s turnaround plans and on the demand of its storage products.
For the fourth quarter, SanDisk Corporation (NASDAQ:SNDK) reported strong numbers for top and bottom lines beating the Zacks Consensus Estimate. For the last quarter, the tech company reported an earnings surprise of 8.8%.
Google to post higher profits
For the first quarter, Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) is expected to post higher profits compared to the same period last year. The strategy of the internet giant for packaging desktop, mobile and tablet advertising is expected to make contributions to the earnings. According to analysts, the steps taken by the company indicate that major players in the tech segment are on the right track to transform from desktops to smaller devices.
Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) will report its first-quarter earnings Wednesday after the markets close. The Mountain View, Calif., company is expected to post a 12% rise in net income to $4.38 billion and 10.4% jump in earnings per share to $6.39. For the quarter, revenue is expected to come in at $15.52 billion compared to $13.97 billion, last year.
Analysts optimistic on American Express
American Express Company (NYSE:AXP) will report its first quarter earnings on Wednesday. In the last few months, analysts have become more optimistic on American Express, and have raised the quarterly earnings estimate by a penny per share, and for the full year also, the estimates have been revised upwards. Shares of the company have been on a decline, losing 4% since early January.
Fourth quarter results from the payment gateway company indicated the progress made since the financial crisis. Revenue for the quarter was up 5% resulting in doubling of net income. American Express Company (NYSE:AXP) witnessed a rise in the member card usage by 8% despite a weak holiday season. Also, the restructuring plans helped the company to lower its overhead and boost its bottom line.