There's never a dull week on Wall Street. Let's go over some of the news that will shape the week to come.
The new trading week kicks off with Caterpillar (NYS: CAT) reporting on Monday morning. The construction and mining equipment giant is expected to post a profit of $1.55 a share, comfortably ahead of the $1.22 it earned a year earlier.
Tuesday's the day for Illumina (NAS: ILMN) .
The genetic-testing specialist got slammed earlier this month, after Illumina hosed down its guidance. Slower upgrades and uncertainties over research funding have whacked demand.
Corning (NYS: GLW) reports on Wednesday. From fiber optics to ceramics, Corning does a bit of everything. The one thing it's unlikely to do, apparently, is grow its profitability. Wall Street is banking on a profit of $0.42 a share out of Corning, shy of the $0.51 it earned during the same quarter last year.
Fridays are typically sleepy on the earnings front, but not this time of year. Gasoline giant Chevron (NYS: CVX) is expected to post sharply improved earnings as we wrap up the trading week.
Until next week, I remain,
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