Bloomberg SAN FRANCISCO (MarketWatch) — Microsoft Corp. and Starbucks Corp. shares will be in focus in the extended session late Thursday as the respective companies report quarterly earnings.
Microsoft is expected to report fiscal second-quarter earnings of 69 cents a share on revenue of $23.66 billion, according to analysts surveyed by FactSet. That's compared to earnings of 76 cents a share on revenue of $21.47 billion in the year-ago period.
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Overshadowing the earnings report, investors will be looking for any sign that Microsoft has made progress in naming a successor to Chief Executive Steve Ballmer, who in August said he would retire within a year.
Declining PC sales, challenges to Microsoft's Office suite of software, and weak device sales are seen as likely headwinds in the company's earnings report. Shares of Microsoft were down 1% in recent activity.
Starbucks (SBUX) is forecast to report fiscal first-quarter earnings of 69 cents a share on revenue of $4.3 billion. That's compared to 57 cents a share on revenue of $3.8 billion in the year-ago period.
Sales growth at Starbucks's brick-and-mortar stores will be a major focus of the earnings report given shifts to online shopping. Shares of Starbucks were down 0.8% in recent activity.
Also on deck for earnings, Discover Financial Services (DFS) is seen posting fourth-quarter earnings of $1.17 a share on revenue of $2.1 billion.
E-Trade Financial Corp. (ETFC) is likely to report fourth-quarter earnings of 19 cents a share on revenue of $425.8 million.
Intuitive Surgical Inc. (ISRG) is expected to report adjusted fourth-quarter earnings of $3.82 a share on revenue of $558 million.
Juniper Networks Inc. (JNPR) is forecast to post adjusted fourth-quarter earnings of 37 cents on revenue of $1.22 billion.
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