Analysts predicting a 85.7% drop in earnings from a year ago for Radio Shack.
Newport Beach, CA (PRWEB) April 22, 2012
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Among the observations from BreakoutStocks.com:
- A big week is ahead for the market with more than 100 companies set to release their quarterly earnings reports. The US Federal Reserve’s meeting and any more news from Europe could also affect trading this week.
*Among the many companies set to release earnings this coming week are Netflix Inc., Apple, At&t Inc., Verizon, and Radio Shack.
*Many eyes will be on Apple this Tuesday, as its the world's highest valued company right now at over $530 billion. Apple's anticipated results from this past quarter could steer the overall market. Apple closed down over 2% on Friday.
*Analysts are predicting that Netflix will report its first quarterly loss in the past seven years this Monday after the close. Netflix shares closed in the red on Friday at $106.11.
*The largest telecommunications company AT&T Inc. will be reporting before the market opens on Tuesday. The Company will be reporting after it's rival Verizon, which is now the second largest U.S. phone company.
*Analysts expect that Verizon added a net 470,000 new subscribers on contract-based plans in the first quarter. Verizon closed in the green on Friday at $38.73.
*For the first quarter, analysts expect AT&T to report adding a net of only about 200,000 subscribers on contract-based plans. AT&T shares also closed in the green at $30.86 on Friday.
*Consumer electronics goods seller Radio Shack is expected to release first quarter earnings on Tuesday with analysts predicting a 85.7% drop in earnings from a year ago. Radio Shack closed in the red on Friday down almost 2%.
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