A number of corporations including Amgen, Inc. (NASDAQ:AMGN), BMC Software, Inc. (NASDAQ:BMC), Genworth Financial Inc (NYSE:GNW), Leap Wireless International, Inc. (NASDAQ:LEAP), and Life Technologies Corp. (NASDAQ:LIFE) are each scheduled to report its quarterly earnings results on Tuesday, July 30, 2013.
Earnings Preview
Amgen, Inc. (AMGN)
Wall Street analysts expect Amgen, Inc. (NASDAQ:AMGN) to provide further details regarding the results of its recent research results for its experimental drugs as well as those currently available in the market, and to review the sales performance of its key medicines.
Based on data compiled by FactSet, analysts projected that Amgen, Inc. (NASDAQ:AMGN) will be able to $1.74 earnings per share on $4.49 billion revenue. During the same period last year, the largest biotech company posted $1.61 earnings per share on $4.48 billion revenue.
Amgen is also expected to highlight the latest approval of the Food and Drug Administration (FDA) for the new use of Xgeva, a treatment for giant cell tumors in bones when surgery is impractical. Analysts are expected to ask about speculations that it is planning to acquire Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX).
BMC Software, Inc. (BMC)
BMC Software, Inc. (NASDAQ:BMC) recently announced that its shareholders approved a proposal to acquire the company for $46.25 per share. Its board of directors also approved a request from Elliot Management to roll over $137 million worth of its shares into a new stake in the company upon the completion of the buyout.
For its upcoming FY14 first quarter earnings performance, analysts anticipate BMC Software, Inc. (NASDAQ:BMC) will report $0.78 earnings per share, an increase of 4.9%. Its revenue is expected to be around $529.1 million, up by 20%. For the full fiscal 2013, the company is expected to report $3.80 earnings per share on $2.30 billion revenue.
Genworth Financial Inc (GNW)
Analysts estimated that Genworth Financial Inc (NYSE:GNW) financial results for the second quarter of the current fiscal year will increase. The company is expected to post $0.29 earnings per share, significantly higher than its $0.16 earnings per share in the same period a year ago. Its revenue is expected to decline by 3% to $2.44 billion from $2.52 billion last year.
For the full fiscal 2013, Genworth Financial is expected to achieve a profit of $1.19 per share on $9.68 billion revenue.
Leap Wireless International, Inc. (LEAP)
Leap Wireless International, Inc. (NASDAQ:LEAP) is expected by analysts to report poor financial results for the second quarter. Analysts estimated that it will report losses of $-1.05 per share on $736.7 million revenue. During the previous quarter, the company posted -$1.49 losses per share and $789.9 million revenue.
For the full fiscal year, Leap Wireless is expected to report losses of -$5.05 per share and $2.97 billion revenue. Leap Wireless recently received a buyout proposal from AT&T Inc. (NYSE:T) to for $15 per share or $1.2 billion in cash.
Life Technologies Corp. (LIFE)
Meanwhile, analysts projected that Life Technologies Corp. (NASDAQ:LIFE) will report $0.96 earnings per share on $952.1 million revenue. During the previous quarter, the company posted $0.69 EPS and $962.5 million revenue. For the full fiscal 2013, the company is expected to generate $4.20 earnings per share and $3.87 billion revenue.
