The companies which are expected to see active trade on Wednesday are Apple, Goldman Sachs, eBay, IBM, Cree, Wells Fargo, U.S. Bancorp and Xilinx.
Apple Inc. (NASDAQ:AAPL) shares advanced 1.25 percent to $344.90 in aftermarket trading session on Tuesday following better-than-expected first-quarter earnings.
The technology giant posted $6 billion in profit, or $6.43 per share with revenue hitting $26.74 billion, above the most optimistic Wall Street estimates of about $25 billion. For the same quarter last year, Apple posted $15.68 billion in revenue and net quarterly profit of $3.38 billion, or $3.67 per share.
Goldman Sachs Group Inc. (NYSE:GS) shares advanced 0.18 percent in aftermarket trading session on Tuesday. The company is expected to post fourth quarter net income of $3.76 per share compared to $8.20 per share in the same quarter last year.
eBay Inc. (NASDAQ:EBAY) is expected to report fourth quarter net income of $0.47 per share compared to $0.44 per share in the year ago quarter.
International Business Machines Corp. (NYSE:IBM) shares advanced 2.88 percent o $154.99 in aftermarket trading following better-than-expected fourth quarter earnings. Its fourth quarter net income rose to $5.3 billion or $4.18 per share, up from $4.8 billion or $3.59 per share in the same quarter last year.
Cree, Inc. (NASDAQ:CREE) shares plunged 15.48 percent to $53.00 in aftermarket trading session as its second quarter earnings and third-quarter profit forecast fell short of analysts’ estimation.
Cree’s second-quarter profit climbed 47 percent from a year earlier, while on an adjusted basis revenues missed analysts estimates mainly hurt by lower sales to LED component distributors in Asia. The company forecasts third-quarter profit of 38 cents a share against analysts’ expectation of 58 cents a share.
Wells Fargo & Co. (NYSE:WFC) is expected to post fourth quarter net income of $0.61 per share compared to $0.08 per share in the same period a year ago.
U.S. Bancorp (NYSE:USB) is likely to post fourth quarter net income of $0.46 per share compared to $0.08 per share in the same quarter last year.
Xilinx Inc. (NASDAQ:XLNX) is expected to report third quarter net income of $0.52 per share compared to $0.38 per share in the year ago quarter.