Earnings Watch For July 17(BAC, EBAY, IBM, INTC, AXP)

(RTTNews) - Financial services giant Bank of America Corp. (BAC) is due to post its second quarter results before the markets open. The earnings of the company are expected to increase to $0.25 per share from $0.19 per share reported a year earlier, while quarterly revenues are anticipated to rise to $22.79 billion from last year's $21.97 billion. Shares of BAC closed Tuesday's trade at $13.92. (52-wk H/L $14.02/$6.90)

Credit-card issuer American Express Co. (AXP) is expected to report results for the second quarter. The New York-based company is expected to earn $1.22 per share on revenues of $8.28 billion. In the year-ago quarter, the company reported earnings of $1.15 per share on revenues of $7.96 billion. The shares closed Tuesday at $78.27. (52-wk H/L $78.63/$53.02)

E-commerce giant eBay Inc. (EBAY) is scheduled to report second-quarter results after the markets close. The company is expected to post earnings of $0.64 per share, higher than the year-ago quarter's $0.56 per share. Also, the online auctioneer is anticipated to generate revenues of $3.89 billion versus $3.40 billion in the prior-year quarter. The company's shares closed Tuesday's session at $56.81. (52-wk H/L $58.04/$39.07)

Intel Corp. (INTC) is slated to report results for the second quarter. The technology company is expected to post earnings of $0.40 per share, a decline from $0.54 per share reported a year earlier. The Santa Clara, California-based company is anticipated to generate revenues of $12.90 billion, down from $13.50 billion in the prior-year quarter. The stock closed Tuesday at $24.25. (52-wk H/L $26.90/$19.23)

Armonk, New York-based International Business Machines Corp. (IBM) is expected to post second quarter results after the close of trading. The earnings of the information technology giant are expected to rise to $3.77 per share from the previous year's $3.51 per share whereas revenues are projected to decline $25.37 billion from $25.78 billion a year ago. The stock closed Tuesday's regular trading at $193.85. (52-wk H/L $215.90/$183.55)

Abbott Laboratories (ABT), The Bank of New York Mellon Corporation (BK), M&T Bank Corp. (MTB), Mattel, Inc. (MAT), Northern Trust Corp. (NTRS), Piper Jaffray Companies (PJC), The PNC Financial Services Group, Inc. (PNC), St. Jude Medical Inc. (STJ), U.S. Bancorp (USB), W.W. Grainger, Inc. (GWW), Noble Corp. (NE), SLM Corp. (SLM), SanDisk Corp. (SNDK), Steel Dynamics Inc. (STLD) and Xilinx Inc. (XLNX) are also due to report their results.