Earnings Preview: Intel, St. Jude Medical, Textron, GWW, SanDisk

Intel Corporation (NASDAQ:INTC) will report its second quarter results on Wednesday. Sales have seen a sharp decline amid the global shift in consumer spending from PCs to tablets and smart phones. According to data from research firms Gartner and IDC, worldwide shipments of personal computers fell 11 percent in the April-June period. Analysts are projecting earnings of 39 cents per share on $12.9 billion in revenue. In the year-ago period, Intel earned 54 cents per share, while sales were $13.5 billion. Quarterly results are usually accompanied by a revenue forecast for the new quarter. Wall Street is expecting $13.7 billion for the quarter ending in September.

St. Jude Medical, Inc. (NYSE:STJ)
Wall Street is expecting St. Jude Medical, Inc. (NYSE:STJ) to report second quarter earnings that are up 7% from a year ago. The consensus estimate is for 94 cents per share, up from 88 cents per share in the year-ago period. Revenue will likely fall 4% year-over-year to $1 billion for the quarter. For the fiscal year, analysts are projecting earnings of $3.69 per share, while revenue is expected to come in at $5 billion. Earnings have been steady for the last eight quarters, but revenue experienced dips over the last two quarters.

Textron Inc. (NYSE:TXT)
Textron Inc. (NYSE:TXT) is scheduled to report its Q2 2013 earnings data before the market open on Wednesday, July 17. The company is expected to post EPS of 38 cents on revenue of $3.01 billion, versus a profit of 58 cents a share on revenue of $3.02 billion in the same period last year. The stock has seen recent analyst action, with JPMorgan Chase & Co. raising its price target from $25.51 to $30.00 in a research note to investors on Monday, July 8. Textron is trading at around $27.49 a share, and its stock is up 10.9 percent so far this year.

W.W. Grainger, Inc. (NYSE:GWW)
Analysts are expecting higher profit when the company reports its second quarter results on Wednesday, July 17. The consensus estimate is for profit of $2.96 a share, compared to $2.63 per share in the year-ago quarter. The consensus estimate is up from three months ago when it was $2.91. Revenue will likely rise 7% from the same period last year, to $2 billion for the quarter. For the fiscal year, Wall Street is expecting earnings of $11.94 per share, while revenue is projected to come in at $9 billion. The company has a market capitalization of $18.415 billion, and its stock has a 52 week high of $269.17 and a 52 week low of $184.78.

SanDisk Corporation (NASDAQ:SNDK)
SanDisk Corporation (NASDAQ:SNDK) will report its Q2 2013 earnings after the close of trading on Wednesday, July 17. The company reported first quarter EPS of $0.84, beating the Thomson Reuters consensus estimate of $0.78. The company posted revenue of $1.34 billion for the period, compared to expectations for $1.30 billion. For the current fiscal year, analysts, on an average, expect SanDisk to report $4.14 EPS, and $4.81 EPS for the next fiscal year. The company has a market capitalization of $14.918 billion, and its stock has a one year high of $63.73 and a low of $32.08.