Stocks to Watch: Apple, Boeing, Caterpillar
NEW YORK -- Apple's(AAPL) fiscal second-quarter profit soared 93%, blowing past Wall Street's expectations.
Apple earned $12.30 a share in the quarter on revenue of $39.2 billion. Analysts were expecting earnings of $10.02 a share on revenue of $36.69 billion. About $22.7 billion of revenue was from sales of the iPhone.
Apple said it sold 35.1 million iPhones, 11.8 million iPads, 4 million Macs and 7.7 million iPods in the quarter.
Apple forecast third-quarter earnings of $8.68 a share on revenue of $34 billion; analysts currently expect profit of $9.93 a share on revenue of $37.45 billion.
Boeing(BA) the aerospace giant, is expected by analysts Wednesday to have earned 94 cents a share in the first quarter on revenue of $18.4 billion, up from 78 cents a share on revenue of $14.9 billion a year earlier.
Caterpillar(CAT) , the maker of construction and mining equipment, will report adjusted first-quarter earnings of $2.13 a share on revenue of $16.18 billion, according to analysts.
Baidu(BIDU) , the Chinese Internet search company, said first-quarter earnings rose 76% but its revenue outlook for the second quarter was below Wall Street's estimates.
Baidu forecast revenue of $847.2 million to $867 million for the second quarter; analysts are expecting revenue of $870 million.