Several companies such as Baidu.com, Inc. (NASDAQ:BIDU), Angie’s List Inc (NASDAQ:ANGI), Citrix Systems, Inc. (NASDAQ:CTXS), E TRADE Financial Corporation (NASDAQ:ETFC) are each expected to report its financial results for the second quarter of current fiscal year on Wednesday, July 23.
Earnings Preview
Baidu.com, Inc. (BIDU)
Wall Street analyst anticipated that Baidu.com, Inc. (NASDAQ:BIDU) the leading search engine in China will be able to recover slowly after suffering from strong competition causing its stock to decline. The company recently announced its transaction to acquire 91 Wireless, a mobile app company for $1.9 billion to boost its monetization in the mobile market.
Baidu.com, Inc. (NASDAQ:BIDU) is expected to report $1.21 earnings per share and $1.20 billion revenue. During the same period a year ago, the company posted $1.24 EPS and $858.84 million revenue. For the full fiscal 2013, the company is expected to achieve $4.97 EPS and $4.86 billion revenue.
Angie’s List Inc (ANGI)
Angie’s List Inc (NASDAQ:ANGI) is expected to report weak financial earnings results this quarter. Analysts projected that the company will incur $-0.25 losses per share and $59.23 million revenue. During the same period a year ago, its losses per share was -$0.41 and revenue was $36.50 million.
For the full fiscal 2013, Angie’s List Inc (NASDAQ:ANGI) is expected to report -$0.30 losses per share. Its revenue will be around $247.3 million. In 2012, the company posted -$0.92 losses per share and $155.80 million revenue.
Citrix Systems, Inc. (CTXS)
Analysts projected that Citrix Systems, Inc. (NASDAQ:CTXS) will report weak earnings results for the second quarter. Its earnings are expected to decline to $0.63 per share from $0.71 earnings per share in the same period a year ago. Its revenue is expected to be around $710 million this quarter.
For the full fiscal year, Citrix Systems, Inc. (NASDAQ:CTXS) is expected to generate $3.09 earnings per share and $2.96 billion revenue.
E TRADE Financial Corporation (ETFC)
Meanwhile, E TRADE Financial Corporation (NASDAQ:ETFC) is expected to report a similar financial performance for the second quarter. Analysts estimated that its earnings per share will be around $0.12 per share. Its revenue is projected to be approximately $419 million, a decline of 21 percent year-over-year. During the previous two consecutive quarters, the company posted losses.
For the full fiscal 2013, analysts estimated that E TRADE Financial Corporation (NASDAQ:ETFC) will be able to generate $0.49 earnings per share and $1.65 billion revenue.
