Earnings Expectations for the Week of January 21

The focus was on the big banks last week, with Goldman Sachs (NYSE: GS), J.P. Morgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) reporting strong results, but Bank of America (NYSE: BAC) and Citigroup (NYSE: C) not so much.The spotlight is on tech earnings this week. Analysts anticipate lower per-share earnings from Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), but year-over-year earnings growth from IBM (NYSE: IBM), Google (NASDAQ: GOOG) and AT&T (NYSE: T).The markets are closed Monday for the Martin Luther King Day holiday, but here is a quick rundown of the earnings highlights for the rest of the week.TuesdayGoogle and IBM are scheduled to share their fourth-quarter results after the closing bell. The forecast for the former calls for earnings per share (EPS) up almost 10 percent from a year ago to $10.54 and revenue up nearly 51 percent to $12.27 billion. For the latter, it is earnings more than 10 percent higher to $5.25 per share but revenue down marginally to $29.09 billion.The day's other tech reports include CA Technologies (NASDAQ: CA) and Texas Instruments (NASDAQ: TXN), which are expected to post earnings and revenue declines for the most recent quarter, and Verizon Communications (NYSE: VZ), whose EPS are expected to be the same as a year ago. Advanced Micro Devices (NYSE: AMD) is expected to post net losses for the fourth quarter and full year.Also on Tuesday, analysts are looking for earnings growth from Freeport McMoRan Copper & Gold (NYSE: FCX) and Johnson & Johnson (NYSE: JNJ). But smaller EPS are expected from Delta Air Lines (NYSE: DAL), DuPont (NYSE: DD) and Travelers Companies (NYSE: TRV).WednesdayApple is on deck Wednesday after the markets close. The forecast calls for earnings of $13.41 per share (down 3.3 percent) for the fiscal first quarter. In the past 60 days, the EPS estimate has risen from $13.34. But analysts overestimated EPS in the previous two quarters. Analysts are also looking for Apple's sales to be up about 18 percent to $54.70 billion.Also on the tech front Wednesday, earnings growth is predicted for F-5 Networks (NASDAQ: FFIV), Motorola Solutions (NYSE: MSI) and Western Digital (NASDAQ: WDC). However, Altera (NASDAQ: ALTR), SanDisk (NASDAQ: SNDK) and Symantec (NASDAQ: SYMC) are expected to post earnings and revenue declines for their most recent quarter.From McDonald's (NYSE: MCD), the consensus forecast calls for fourth-quarter EPS to come to $1.33, which is the same as in the year-ago period. Quarterly revenue is expected to total $6.89 billion, or marginally higher year-over-year. Full-year earnings and sales are also expected to be marginally higher. Both the quarterly and full-year consensus EPS estimates have remained steady over the past 60 days.The day's other reports include those from Amgen (NYSE: AMGN), Coach (NYSE: COH), Noble Corp. (NYSE: NE) and St. Jude Medical (NYSE: STJ), which are anticipated to report earnings growth. And Baker Hughes (NYSE: BHI), General Dynamics (NYSE: GD), United Technologies (NYSE: UTX) and WellPoint (NYSE: WLP) are expected to post lower earnings. A fourth-quarter net loss is anticipated from Netflix (NASDAQ: NFLX).Thursday Analysts believe that Microsoft's per-share earnings for the fourth quarter will be almost four percent lower than a year ago to $0.75, when it reports late Thursday. That is lower than the consensus EPS forecast of $0.78 from 60 days ago. Sales for the quarter are expected to total $21.56 billion, which would be more than three percent higher year-over-year.Microsoft's full-year forecast calls for a profit of $2.86 per share and sales of $79.84 billion. That would be up from $2.73 per share on $73.72 billion in the previous year.AT&T's forecast has fourth-quarter EPS up more than eight percent but revenue essentially flat relative to a year ago. Lower earnings are forecast for Juniper Networks (NYSE: JNPR), KLA-Tencor (NASDAQ: KLAC) and Xerox (NYSE: XRX). Earnings growth is expected from VeriSign (NASDAQ: VRSN).Thursday's other anticipated earnings gainers include McCormick & Co. (NYSE: MKC), Starbucks (NASDAQ: SBUX), 3M (NYSE: MMM) and Union Pacific (NYSE: UMP). Those expected to offer earnings declines for the quarter include Bristol-Myers Squibb (NYSE: BMY), Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Southwest Airlines (NYSE: LUV) and Stanley Black & Decker (NYSE: SWK). And fourth-quarter and full-year net losses are forecast for E*Trade Financial (NASDAQ: ETF).FridayTo end the week, Coviden (NYSE: COV) and Haliburton (NYSE: HAL) are expected to post lower fourth-quarter earnings, while EPS from Honeywell International (NYSE: HON) and Kimberly-Clark (NYSE: KMB) have increased year-over-year. Procter & Gamble's fiscal third-quarter EPS and revenue are predicted to be in the same ball park as a year ago.