Apple set to release earnings, Snap could report 33 cent EPS loss, Boeing to buy plane part maker KLX

Deputy Managing Editor
Yahoo Finance

Here’s a look at some of the companies the Yahoo Finance team will be watching for you.

Apple (AAPL) tops our list. The iPhone X maker is releasing earnings after the bell today and analysts aren’t expecting good news. The biggest concern? That the iPhone X isn’t as popular as previously thought. Multiple outlets say the tech giant had cut iPhone X production by half for the first three months of this year.

Snap (SNAP) is also releasing earnings after today’s closing bell. The street is expecting a loss of 33 cents. Analysts are also looking for the social media company to shed some light on its new spectacles, launching Thursday. Snap’s original camera-glasses were a huge money pit. Snap had to log a whopping $40M write down from all the unsold hardware.

Boeing (BA) wants in on the aircraft-servicing business. The airplane maker is buying plane-parts specialist KLX for about $3.2B in cash. The buy comes as Boeing looks for new ways to boost output. Boeing is sold out on many of its most popular models for several years to come.

The Justice Department is working a new angle with a judge set to rule on the Time Warner (TWX), AT&T (T) merger. Government lawyers are asking the judge to force AT&T to sell some Time Warner assets if he lets the merger go ahead, including Turner Networks, which include CNN, TNT and TBS. The judge says he will announce his ruling on June 12—just nine days before the merger agreement expires.

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