Updated with fourth-quarter results from Verizon and DuPont
IBM IBM is expected by Wall Street to report earnings of $5.25 a share in the fourth quarter on sales of $29.1 billion.
Verizon Communications VZ on Tuesday posted adjusted fourth-quarter earnings of 38 cents a share; analysts were expecting 50 cents a share.Revenue was $30.05 billion, up from $28.44 billion a year earlier. Wall Street expected revenue of $29.83 billion in the fourth quarter.Dividend Bubble A 'Double Edged Sword' For Telcos
DuPont DD posted fourth-quarter adjusted earnings of 11 cents a share; analysts were expecting 7 cents a share.DuPont posted net income of $111 million, or 12 cents a share, compared with $373 million, or 40 cents a share, a year earlier. The latest quarter included restructuring charges of $66 million and customer-claims charges of $135 million.Revenue in the quarter was $7.3 billion, in line with analysts' expectations.
Johnson & Johnson JNJ is expected by Wall Street Tuesday to post fourth-quarter earnings of $1.17 a share on revenue of $17.67 billion.
Chipmaker Texas Instruments TXN is seen earnings 34 cents a share in the fourth quarter on revenue of $2.95 billion.
Shares of Research In Motion RIMM surged to a 13-month high on Monday in Toronto after CEO Thorsten Heins told a German newspaper the company could sell its handset business or license its software to rivals following the launch of its new BlackBerry 10 operating system, according to reports."The main thing for now is to successfully introduce Blackberry 10. Then we'll see," said Heins in the newspaper interview.BlackBerry Isn't a 10 for Investors
Japanese and U.S. investigators have begun an investigation into the maker of the lithium-ion batteries used in Boeing's grounded 787 jets, The Associated Press reported.A spokesman for battery maker GS Yuasa said investigators visited the company's headquarters in Kyoto, Japan, on Monday and that Yuasa was cooperating with the probe.All 50 of the 787 Dreamliners that Boeing has delivered to airlines were grounded after an overheated battery forced the emergency landing of an All Nippon Airways 787 flight last week in western Japan. Boeing has halted deliveries of new planes until it can address the electrical problems.-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
- Jim Cramer: 10 Stock Picks for 2013 (Updated With Videos)
- Cramer: Why Some Unloved Stocks Are Rising
- 10 Iconic American Products Still Made Here
- Investment & Company Information
- Verizon Communications
- Wall Street
- Wall Street
- Wall Street