News That Matters

Tag: Earnings

Apple, Microsoft and Amazon could drive the market in the next wave of earnings

Apple, Microsoft and Amazon could drive the market in the next wave of earnings

Finance
The earnings season is about to get a lot more interesting with about a quarter of the S&P 500, nearly half of the Dow Jones Industrials and three of the four biggest companies in the world reporting in the week ahead. Mega-cap tech companies Apple, Microsoft, and Amazon report respectively on Tuesday, Wednesday and Thursday. There will be heavy focus on them, not just because they are the biggest stocks — Microsoft first, then Amazon and Apple fourth — but because they represent growth and have been market leaders. Facebook, the sixth largest stock by market cap, also reports on Wednesday. The bar has already...
Wells Fargo slated to report fourth-quarter earnings on Tuesday — here's what Wall Street expects

Wells Fargo slated to report fourth-quarter earnings on Tuesday — here's what Wall Street expects

Finance
Wells Fargo is scheduled to report fourth-quarter earnings before the market opens on Tuesday. Here's what Wall Street expects: Earnings: $ 1.16 cents per share, forecast by Refinitiv.Revenue: $ 21.73 billion, forecast by Refinitiv. Wells Fargo is still working through its regulatory issues after the Federal Reserve reportedly rejected its plan to prevent more consumer abuses at the bank. It is also in the midst of a cost cutting plan, including the elimination of up to 10 percent of its headcount. Investors a...