Analysts are looking for lower revenues and a year-over-year increase in profit. As per the most recent estimate, adjusted profit is expected to be $3.73 per share, compared to $3.44 per share in the year-ago quarter. Revenues are expected to decline 7.5% year-over-year to $21.81 billion.
In the fourth quarter of 2023, revenues declined 10% from last year to around $22 billion, hurt by weakness in the main operating segments. That translated into a double-digit fall in adjusted profit to $4.94 per share. Meanwhile, unadjusted net income more than doubled to $1.54 billion or $6.05 per share, aided by one-time gains.