Which Top Tech Stock Will Have the Best Earnings?

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By Chris Lange Published
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It is important to note that semiconductor and tech trends are considered to be leading indicators of technology and broader electronics demand. A few major semiconductor and other tech companies are scheduled to report their earnings soon, and what they say will be felt throughout the rest of the market.

Intel Corp. (NASDAQ: INTC) is scheduled to report its second-quarter financial results Wednesday July 15. Thomson Reuters has consensus estimates of $0.51 in earnings per share (EPS) on $13.11 billion in revenue. In the same period of the previous year, Intel posted EPS of $0.55 and revenue of $13.83 billion. Shares of Intel were up 1.2% at $29.26 Friday morning. The stock has a consensus analyst price target of $34.14 and a 52-week trading range of $28.82 to $37.90.

Google Inc. (NASDAQ: GOOGL) is set to report its most recent quarterly earnings this coming Thursday. The consensus estimates call for $6.70 in EPS on $17.75 billion in revenue. The previous year, Google had $6.08 in EPS on $15.96 billion in revenue. Google shares were up 2.1% at $556.09, in a 52-week trading range of $490.91 to $608.91. The stock has a consensus analyst price target of $640.44.

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Seagate Technology PLC (NASDAQ: STX) is on deck with its fiscal fourth-quarter earnings. The consensus estimates call for $0.95 in EPS on $3.19 billion in revenue. In the same period of the previous year, it posted $1.10 in EPS on revenue of $3.30 billion. Shares of Seagate were up 0.6% Friday, at $46.32 in a 52-week range of $45.27 to $69.40. The consensus analyst price target is $61.39.

Cypress Semiconductor Corp. (NASDAQ: CY) is reporting its second-quarter earnings in the coming weeks. Consensus estimates call for $0.13 in EPS and $487.50 million in revenue, compared to the same period in the previous year when it posted $0.16 in EPS on revenue of $183.60 million. Shares were up 3% to $11.85. The consensus price target is $16.75, and the 52-week trading range is $8.04 to $16.25.

Advanced Micro Devices Inc. (NASDAQ: AMD) warned that its revenue for the second quarter is expected to be lower than previously guided. AMD now expects this revenue to decrease roughly 8% sequentially, compared to the previous guidance of down 3%, plus or minus 3%. Gross margin is now expected to be about 28%, compared to the previous guidance of 32%. Shares of AMD were up 1.3%, at $2.01 in a 52-week range of $1.93 to $4.80. The consensus price target is $2.45.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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