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Celina Jade in Markets at a glance,

Facebook, Boeing, Qualcomm earnings in focus

Apple to remain in spotlight on blockbuster earnings

Among the companies whose shares are expected to see active trade in Wednesday’s session are Facebook Inc., Boeing Co., and Qualcomm Inc.

Facebook FB, -2.21% is projected to report fourth-quarter earnings of 48 cents a share, according to a consensus survey by FactSet. 16:01

Boeing BA, -1.19% is forecast to post fourth-quarter earnings of $2.11 a share.

Qualcomm QCOM, -1.16% is expected to report earnings of $1.26 a share in the fiscal first quarter.

St. Jude Medical Inc. STJ, +0.97% is likely to post fourth-quarter earnings of $1.03 a share.

General Dynamics Corp. GD, -2.04% is forecast to post fourth-quarter earnings of $2.13 a share.

Las Vegas Sands Corp. LVS, +0.23% is projected to report fourth-quarter earnings of 78 cents a share.

After Tuesday’s closing bell, Apple Inc. AAPL, +6.64% said fiscal first-quarter profit jumped to a record $18 billion on the back of strong demand for its iPhone. Earnings per share rose to $3.06 from a split-adjusted $2.07. Revenue increased 30% to $74.6 billion from $57.6 billion. Apple sold 74.5 million iPhones during the quarter, above analysts’ estimates for 66.5 million units.

Yahoo Inc. YHOO, -2.93% late Tuesday said it plans to spin off its 384-million-share stake in Alibaba into a separate, publicly-traded company named SpinCo. and will retain its 35.5% interest in Yahoo Japan. Separately, it reported fourth-quarter adjusted earnings of 30 cents a share, down from 46 cents a share in the year-earlier period, but above the FactSet consensus analyst estimate of 29 cents a share.

Sue Chang