Stocks to Watch: Google, Verizon, Morgan Stanley

TheStreet.com

NEW YORK -- Google, the Internet search giant, is forecast by analysts to report on Thursday first-quarter profit of $10.66 a share on revenue of $14.09 billion.

Google's sales from ads are forecast by analysts to rise by nearly 20% from the year-earlier quarter.

In the first quarter of 2012, Google posted adjusted earnings of $10.08 a share on revenue of $10.6 billion.

Google Offers Next Key Earnings Report


Verizon is forecast by Wall Street to post a first-quarter profit of 66 cents a share on revenue of $29.55 billion.

Last year, Verizon earned 59 cents a share on revenue of $28.2 billion.

Michael Rollins of Citigroup expects Verizon to report adding a net 650,000 new wireless devices on contract-based plans in the quarter, markedly down from 2.1 million added in the fourth quarter last year, when Apple's iPhone 5 was new. Verizon added 501,000 devices in the first quarter of 2012.


Morgan Stanley is forecast by analysts to report on Thursday first-quarter earnings of $1.14 billion, or 57 cents a share, on revenue of $8.35 billion.


Microsoft reports earnings after Thursday's closing bell and Wall Street expects the software giant to post fiscal third-quarter earnings of 68 cents a share on revenue of $20.5 billion.

Microsoft Is a Buy Before Earnings Release


eBay , the e-commerce giant, posted results on Wednesday that missed expectations.

The company earned 63 cents a share on revenue of $3.7 billion for the quarter ended March 31. Analysts were expecting earnings of 62 cents a share on revenue of $3.76 billion.

The company's PayPal business saw strong revenue growth, up 18% year over year to $1.5 billion. PayPal added another 5 million registered accounts to end the quarter with 128 million, as net total payment volume grew 21% to $41 billion.

For the second quarter, eBay said it expects earnings between 61 cents and 63 cents a share. Sales are expected to be between $3.8 billion and $3.9 billion. Analysts are looking for profit of 66 cents a share on sales of $3.95 billion.

eBay Slips as Revenue Falls Short


American Express said first-quarter net income rose 2%, beating estimates, as revenue climbed 4% to $7.88 billion.

Revenue in the quarter fell short of analysts' expectations.

American Express said spending by its cardholders rose 6%.


SanDisk, the flash memory chipmaker, posted first-quarter earnings on Wednesday that beat on both the top and bottom lines.

SanDisk said first-quarter revenue increased 11% to $1.34 billion from a year earlier as solid state drive products drove 20% of sales. Analysts, on average, were expecting revenue of $1.31 billion. Sales fell 13% sequentially.

The company posted first-quarter adjusted net income of $207 million, or 84 cents a share, beating the consensus earnings estimate of 79 cents.

SanDisk Tumbles Amid Tech Sector Worries


-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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