Apple, Netflix Among Big Names Reporting Next Week
Apple is one of many big names in the spotlight next week as earnings season heats up. Ten of the Dow firms and more than a third of the S&P 500 are also set to report.
Apple, which releases its quarterly results after the bell on Tuesday, has seen its shares tumble from an all-time high of $700 last September to under $400. With its stock down over 25 percent since the beginning of the year, the tech giant faces major questions about whether it can keep on innovating and selling more electronics.
Analysts are projecting revenue to grow 8 percent to $42.49 billion, while earnings per share are expected to drop 18 percent, according to Thomson Reuters.
(Read More: Why Apple Could Fall Even Lower)
A number of other big players in the Internet and technology space are expected to release earnings next week, including Netflix, which reports after the bell Monday. After a quarter in which its stock nearly doubled and it rolled out its first original content, "House of Cards," investors will be interested in seeing the latest subscriber numbers.
Analysts are expecting revenue to grow 17 percent to $1.017 billion, while earnings per share are projected to swing from an 8 cent loss a year ago to an 18 percent gain, according to Thomson Reuters' analyst consensus numbers.
On Tuesday, Dow component AT&T reports. We're sure to hear plenty about its mobile subscriber numbers, many of whom are locked into iPhone contracts. Revenue is expected to be pretty much flat with the year ago quarter—down just a fraction of a percent at $31.74 billion. Earnings per share are expected to grow 7 percent to 64 cents, according to Thomson Reuters.
(Read More:Next Wave of Earnings About to Hit Markets)
Other Dow names are spread across the week, starting with Caterpillar's report on Monday morning. On Tuesday morning DuPont, Travelers and United Technology release earnings. Boeing and Procter & Gamble report on Wednesday, and Exxon Mobile is due out with its results Thursday morning. Chevron reports on Friday morning.
It's also a big week for airlines: Delta and US Air report on Tuesday morning, followed by United Continental, Southwest, Alaska Air, and JetBlue on Thursday.
And coffee giant Starbucks will tell us just how much premium coffee we're drinking and how global expansion is going when it releases its quarterly results Thursday afternoon. According to Thomson Reuters, revenue is projected to grow 12 percent to $3.59 billion while earnings per share is expected to move 21 percent higher to 48 cents.
(Read More: Starbucks Joins Supermarket Coffee Aisle Price War)
—By CNBC's Julia Boorstin; Follow her on Twitter: @JBoorstin