The earnings season begins in earnest this week, although a few reports were released last week with Alcoa inaugurating the season. This week begets the first significant upsurge of first-quarter earnings, with major companies slated to publish results. Goldman Sachs, Intel, Google, Citigroup, General Electric are among a few top names due to report.

April 14

Healthcare major Johnson & Johnson (JNJ) is due to announce first-quarter results on April 14, with analysts projecting earnings of $1.22 per share on revenues of $15.47 billion. While announcing fourth-quarter results, the company said it expects fiscal 2009 earnings in the range of $4.45-$4.55 per share, excluding the impact of special items.

From the world's biggest chipmaker Intel Corp. (INTC), which is scheduled to release first-quarter results after market close on April 14, analysts are expecting earnings of $0.02 per share on revenues of $6.98 billion for the quarter. In early January, Intel has raised the possibility of reporting a loss for the first quarter, Bloomberg reported, citing an internal memo of the company.

Financial services firm Goldman Sachs Group Inc. (GS) would report first-quarter results before market open on April 14. Wall Street analysts have a consensus revenue estimate of $30.02 billion for the quarter. Net earnings for the year-ago period were $3.23 per share on revenues of $8.34 billion.

AmeriServ Financial Inc. (ASRV), a bank holding company, is due to report first-quarter results before market opens on April 14. In the year-ago period, the company posted earnings of $0.06 per share on net interest income after provision for loan losses of $6.59 million and total non-interest income of $3.84 million.

Railroad operator CSX Corp. (CSX) is slated to report first-quarter results after market close on April 14, with analysts forecasting earnings of $0.51 per share on revenues of $2.26 billion for the quarter. In the year ago period, the company reported earnings of $0.85 per share on revenues of $2.71 billion.

April 15

Healthcare products maker Abbott Laboratories (ABT) will report first-quarter results before market opens on April 15, with analysts forecasting earnings of $0.71 per share on revenues of $7.06 billion.

Abbott confirmed its previously issued earnings guidance of $3.65-$3.70 per share for full-year 2009 in mid-January. The midpoint of this 2009-guidance range reflects double-digit growth over 2008 earnings per share.

AMR Corp. (AMR), the parent company of American Airlines and American Eagle Airlines, will check in first-quarter results on April 15. Wall Street analysts are looking for a loss of $1.52 per share on revenues of $4.72 billion for the quarter, narrower than the previous year's first-quarter loss of $1.32 per share and operating revenues of $5.697 billion.

India-based consulting and IT services provider Infosys Technologies Ltd. (INFY) will check in fourth-quarter results on April 15, with analysts projecting earnings of $0.54 per share on revenues of $1.13 billion, slightly lower than the previous year's earnings performance of $0.55 per American Depositary Share or ADS on revenues of $1.14 billion.

For the fourth quarter, Infosys expects earnings, on International Financial Reporting Standards or IFRS basis, of $0.55 per ADS, the same as last year. However, excluding tax reversal, earnings are projected to increase 1.8%. Consolidated revenues are estimated to range between $1.128 billion and $1.170 billion, representing a year-over-year decline of 1.2% to growth of 2.5%. In constant currency, revenue is estimated to grow between 4.7% and 8.6%.

Coal company Peabody Energy Corp. (BTU) is scheduled to publish first-quarter results on the same day, with analysts expecting earnings of $0.97 on revenues of $1.64 billion. In the year-ago period, the company reported earnings of $0.21 per share and revenues of $1.28 billion.

April 16

Amylin Pharmaceuticals Inc. (AMLN) is likely to publish first-quarter results on April 16. Analysts are looking for a loss of $0.35 per share on revenues of $204.94 million for the quarter. In the year-earlier period, the company incurred a loss of $0.51 per share on revenues of $197.2 million.

Baxter International Inc. (BAX) is slated to report first-quarter results before market opens on April 16, with analysts projecting earnings of $0.81 per share on revenues of $2.87 billion fir the quarter. Earnings for the year-ago period totaled $0.67 per share on net sales of $2.88 billion.

In mid-January, Baxter said it expects first-quarter earnings of $0.80-$0.82 per share, before any special items, and sales growth, excluding the impact of foreign exchange, of nearly 7%. Adjusting for the unfavorable impact of foreign exchange, the company projects reported sales growth to be about flat compared to the first quarter of 2008, based on current exchange rates.

Biotechnology company Biogen Idec Inc. (BIIB) would report first-quarter results after market close on April 16. Analysts are looking for earnings of $1.01 per share on revenues of $1.08 billion for the quarter, higher than the previous year's earnings of $0.54 per share and revenues of $942 million. Early February, Biogen said it expects fiscal 2009 earnings per share to be above $2.80. Revenue growth for the year is expected to be in the high single digits.

News and information publisher Gannett Co. Inc. (GCI) is set to announce first-quarter results before market opens on April 16, with analysts forecasting earnings of $0.25 per share on revenues of $1.45 billion, lower than the previous year's reported earnings of $0.84 per share and operating revenues of $1.68 billion.

Search engine giant Google (GOOG) will issue dollars-and-cents details for first-quarter after market close on April 16. Wall Street analysts have a consensus earnings estimate of $4.91 per share on revenues of $4.08 billion for the quarter. In the year-ago period, the company posted earnings of $4.12 per share on revenues of $5.19 billion.

Motorcycle manufacturer Harley-Davidson Inc. (HOG) is slated to publish financial results for the first quarter before market opens on April 16, with analysts expecting earnings of $0.51 per share on revenues of $1.28 billion. In the year-ago period, the company's earnings were $0.79 per share on revenues of $1.31 billion.

Global financial services firm JPMorgan Chase & Co. (JPM) will issue first-quarter results at 06:30 am ET on April 16. Analysts polled by Thomson Reuters expect the company to report earnings of $0.32 per share on revenues of $23.64 billion for the quarter. Analysts' estimates typically exclude special items. In the year-ago period, the company reported earnings of $0.68 per share on revenues of $3.01 billion.

The world's largest mobile phone maker Nokia (NOK) is set to release first-quarter results on April 16. Earnings for the year-ago period were EUR 0.32 per share on net sales of EUR 12.7 billion.

Fluid power systems maker Parker Hannifin Corp. (PH) is slated to announce third-quarter results before market opens on April 16. Wall Street analysts have a consensus earnings estimate of $0.48 per share on revenues of $2.42 billion for the quarter, lower than the previous year's reported earnings of $1.49 per share and sales of $3.2 billion.

Paints and coatings manufacturer Sherwin-Williams (SHW) is scheduled to report first-quarter results before market opens on April 16. In mid-January, the company said it expects first quarter earnings in the range of $0.05 - $0.25 per share. Net sales are projected to decline by a high-single-to-low-teens percentage compared to the first quarter of 2008. Analysts are forecasting earnings of $0.21 per share on revenues of $1.62 billion, lower than the prior year's earnings of $0.64 per share and net sales of $1.78 billion.

April 17

A.O. Smith Corp. (AOS) will publish first-quarter results before market opens on April 17, with analysts projecting earnings of $0.41 per share on revenues of $523.40 million. In the year-ago period, the company generated earnings of $0.72 per share on sales of $571.4 million.

BB&T Corp. (BBT) is due to announce first-quarter results before market opens on April 17. Analysts polled by Thomson Reuters expect the company to report earnings of $0.32 per share on revenues of $1.90 billion for the quarter. Analysts' estimates typically exclude special items. Earnings for the year-ago period were $0.73 per share on net interest income after provision for credit losses of $794 million and non-interest income of $737 million.

Financial services firm Citigroup Inc. (C), which recently realigned its businesses into two, Citicorp and Citi Holdings, is slated to issue financial results for the first quarter before market opens on April 17, with analysts expecting the company to incur a loss of $0.37 per share on revenues of $21.37 billion for the quarter. In the year-ago period, the company posted a loss of $1.02 per share on revenues of $13.2 billion.

Diversified conglomerate General Electric (GE), a bellwether of the American economy, is scheduled to publish first-quarter results before market opens on Friday, April 17, with analysts forecasting earnings of $0.21 per share on revenues of $39.01 billion. In the year-ago period, the company posted earnings of $0.43 per share on revenues of $42.2 billion.

Toys maker Mattel (MAT) is likely to release first-quarter results on April 17, with analysts expecting a loss of $0.13 per share on revenues of $798.04 million. In the year-ago period, the company incurred a loss of $0.13 per share on net sales of $919.3 million.

Stay tuned to RTTNews as major companies unveil results that may indicate whether an economic restitution is on the horizon.

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