This week is huge for earnings. Why? Big Tech can determine the course of the market at this point in history.
The coming week will be the most important of this quarter’s earnings season — even if later weeks beat it on quantity, it will be nearly impossible to top this slate in terms of dollars and attention.
Facebook and Google, for example, are widely expected to outdistance estimates after fellow online ad-sales companies Snap Inc. SNAP, -2.12% and Twitter Inc. TWTR, -4.18% blew away expectations in their reports last week, which helped boost Alphabet and Facebook to record stock highs Friday, along with Snap.
Most Big Tech forecasts that have been shared ended up undershooting their actual performance, which can keep expectations low and produce big beats. Amazon, for instance, topped the highest end of its sales forecast by 2.3% in the first quarter, which equates to an additional $2.5 billion. And that was actually the closest Amazon came to an accurate prediction in Big Tech’s $1.2 trillion pandemic year, after beating the top end of its quarterly guidance by 3.8%, 3.4% and 9.
As always, there are plenty of issues to discuss with the electric-car manufacturer. After the departure of a longtime executive, the progress of Tesla’s Semi road map will need to be addressed, as will the gross-margin effects of the continuing semiconductor shortage, an issue across the automotive industry.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple, Amazon, Tesla Among the Giants Set to Post Results180 members of the S&P 500 are scheduled to provide quarterly updates starting Monday, giving investors insight into the impact from the pandemic, the Delta variant and increased business costs
Consulte Mais informação »
20 Apple MacBook features and tricks you had no idea aboutLove your MacBook or loathe it, these top hacks can only enhance your experience.
Consulte Mais informação »
Forget The Apple Watch, Ditch Your Samsung, This Has Been My Perfect WatchDoing smartwatches differently.
Consulte Mais informação »
‘Ted Lasso’ Season 2 Delivers Apple TV+’s Biggest Premiere WeekendApple TV+’s Ted Lasso, currently nominated for 20 Emmy Awards, debuted its second season on July 23 delivering the streamer’s biggest premiere day ever, largest opening weekend ever and…
Consulte Mais informação »
Weather Insider: Heat milestones, records from Texas to North Dakota this week on Apple PodcastsRecord-challenging heat and severe thunderstorms aim for the Midwest. AccuRayno has the details on today's ‘Weather Insider’ AccuWeatherPod🎙! 🔈Apple Podcasts: 🔈Spotify: 🔈Web:
Consulte Mais informação »
‘Ted Lasso’ Season 2 Delivers Biggest Premiere Audience for Apple TV Plus to Date, Company ClaimsDrafting off its recent 20 Emmys nominations, the “Ted Lasso” Season 2 premiere episode hauled in biggest audience of any original film or TV show on Apple TV Plus, according to Apple. …
Consulte Mais informação »