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Tuesday, July 24, 2012

After Hours Action: Apple Inc, Suncor Energy, Cabot Oil, Altera Corporation (NASDAQ:AAPL, ALTR, SU, COG)


Following companies are expected to show unusual trading in after hours on Tuesday as these companies are due to report their quarter earnings:-

Apple Inc.(NASDAQ:AAPL) is going to be the biggest company to report third quarter earnings and results would be very critical. Average analysts are estimating the company to report $10.36 a share in earnings and revenue of $37.18 billion. In a year ago quarter, the company had $7.79 a share on revenue of $28.57 billion. However, whisper earnings are estimating the company to report $11.89 a share. Not only profit and revenue is going to be critical, investors and analysts around the globe would look for the company’s sales of iPhone, which contributes the majority of revenues.

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Suncor Energy Inc. (USA)(NYSE:SU) is due to report earnings as well with analysts are targeting the company to report higher profit on flat revenue. Average analysts are estimating the company to report profit of 82 cents a share on revenue of $9.63 billion, compared to a year ago profit of 62 cents a share on revenue of $9.59 billion.

Cabot Oil & Gas Corporation(NYSE:COG) is projected to post sharp decline in profit despite a double digit rise on revenue. Average analysts are estimating the company to report profit of 6 cents a share on revenue of $267.14 million, compared to a year ago profit of 21 cents a share on revenue of $240.70 million.

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Altera Corporation(NASDAQ:ALTR) is estimated to report lower profit as well as lower revenue for the quarter ended June. Average analysts are estimating the company to report profit of 39 cents a share on revenue of $445.23 million, compared to a year ago profit of 65 cents a share on revenue of $548.38 million.

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