This coming Thursday, notable technology stocks such as Amazon.com (NASDAQ:AMZN), Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) are set to report their quarterly earnings report on Thursday.
Amazon
The American e-commerce giant is set to deliver its third quarter earnings report after the closing bell on Thursday. Although the company’s shares have been booming recently, Amazon is expected to post losses for the quarter due to its numerous acquisitions and investments in the past couple of months as it continuously expands its offerings and operations.
Amazon’s revenue is expected to rise for the day largely attributed by their sales from their Amazon Prime Day. Their recent Whole Foods acquisition which expands their offerings to the grocery space is also expected to fuel growth in their sales. Amazon is expected to post earnings of two cents per share compared to their earnings of 52 cents per share last year. Investors are also expecting to hear some updates regarding Amazon’s overall business as well as updates regarding their next headquarters.
Intel
After the market session on Thursday, the company is expected to post its third-quarter earnings. Most forecasts are expecting the company to post mostly flat earnings and a weak revenue due to the growing popularity of artificial intelligence solutions in the market. However, Intel has assured its investors previously that it is prepared to face the growing competition and has raised its overall earnings outlook for the year.
Intel is expected to post earnings of 80 cents per share which is the same as their earnings during the same quarter last year whole their revenue is set to come at $15.73 billion lower than their revenue from the year ago quarter of $15.78 billion.
Alphabet is also set to post its quarterly earnings report on Thursday. Just this week, the company has just released its Pixel 2 phones. However, shares of the company slumped due to reports of hardware issues regarding their latest smartphone line.
Google is expected to post earnings per share of $8.39 on a revenue of $21.94 billion. The company’s profits are expected to decline year over year by 7.4%. The revenue of the company which is formed majorly by their advertising revenues is still expected to grow by at least 18% for the third quarter.
Microsoft
Microsoft which is scheduled to post its first quarter earnings report on Thursday is forecasted to post earnings of $0.73 per share during the quarter which is a few cents shy of their earnings of $0.76 for the same quarter last year. Due to the demand for their cloud business as well as the Azure, Microsoft was able to post an earnings beat during the previous quarter and is still expected to post a growth in their revenue for the first fiscal quarter of 2018. Shares of the company have jumped by 27% year to date while their earnings have met most analysts estimates for the past eight quarters.