Earnings Preview: CSX Corporation, Intel Corporation, And Yahoo!

Earnings Preview: CSX Corporation, Intel Corporation, And Yahoo!
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 CSX Corporation (NYSE:CSX), Intel Corporation (NASDAQ:INTC), and Yahoo! Inc. (NASDAQ:YHOO), are scheduled to report its first quarter earnings on Tuesday, April 16, 2013.

Earnings Preview: CSX Corporation, Intel Corporation, And Yahoo!

CSX Corporation (NYSE:CSX) is a major railroad company with 21,000 miles of track. The company serves two-thirds of the population of the United States. During the fourth quarter last year, the company reported $0.43 net earnings per share and $2.97 billion revenue. Its fiscal 2012 net earnings were $1.79 per share. Its operating income declined due to low prices of natural gas, high coal inventory at utilities, and weak global demand.

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Analysts expect CSX Corporation (NYSE:CSX) to report lower earnings for the first quarter of 2013.  The average consensus estimate for the company is $0.41 earnings per share and $2.91 billion total revenue, down by 1.9 percent year-over-year.  For the fiscal year, analysts project the company to achieve $11.01 billion total revenue and $1.79 net earnings per share

Last month, CSX Chairman and CEO, Michael Ward said that the company has the ability to turn bad conditions into better results, or good conditions into great results. He expressed confidence that its key businesses, except coal, will outperform the slow growth of the economy. In February, the company declared $0.14 per share quarterly dividend.

On the other hand, analysts expect Yahoo! Inc. (NASDAQ:YHOO) to report a 4.2 percent increase in GAAP earnings from $0.23 per share to $0.25 per share. The company’s revenue is expected to decline by 9.9 percent from $1.22 billion to $1.1 billion for the first quarter.

For the fiscal 2013, analysts expect the company to post earnings of $1.09 per share and $4.58 billion revenue. Last year, Yahoo! Inc posted $4.98 billion GAAP revenue and $3.28 earnings per share. Over the past three months, the majority of analysts were cautious on the shares of Yahoo! Inc. (NASDAQ:YHOO). Among the 27 analysts covering the stock, 16 recommended a hold rating.

The company’s new CEO, Marissa Mayer acquired five start-up companies to boost its position in the mobile market, and increase its profitability. Yahoo! Inc. (NASDAQ:YHOO) recently acquired Summly, a mobile news app for approximately $30 million to improve the delivery of news, finance, weather, and other information to mobile devices. The stock price of the company increased by almost 50 percent since Mayer became CEO of the company.

Meanwhile, analysts expect Intel Corporation (NASDAQ:INTC) to post weak earnings performance for the first quarter of 2013 due to the declining PC market. The company’s earnings are expected to decline by 20.8 percent compared with its results in the previous year.

The consensus earnings estimate for Intel Corporation (NASDAQ:INTC) for the quarter is around $0.42 per share, down from $0.53 per share a year earlier. The company’s revenue is expected to decline from $12.91 billion to $12.63 billion.

Analysts expect the company to post $1.92 earnings per share and $53.77 billion revenue for the fiscal 2013. Intel Corporation (NASDAQ:INTC) profits had been declining over the past quarters by an average of 14.6 percent year-over-year.

Intel’s current CEO, Paul Otellini will be retiring in May. The leadership change in the company is critical not only for the company, but also for the entire semiconductor industry. Analysts at RBC Capital Markets opined that the next CEO of the company should have a plan to boost new growth initiatives such as mobile and software in a disruptive manner.

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