2020-07-26 00:00:00, Emily Bary, MarketWatch
Content Categorization
/Business & Industrial
/News/Business News/Company News
Word Count:
1285
Words/Sentence:
36
Reading Time:
8.57 min
Reading Quality:
Adept
Readability:
13th to 15th
The coming week was already going to be a big test for Big Tech, the biggest names on Wall Street in the busiest week of earnings reporting season.
Twitter Inc.
TWTR,
+0.87%
and Snap Inc.
SNAP,
+1.32%
revealed worrisome trends in social-advertising purchases already this earnings reporting season, and Facebook faces more complications than those two.
The 130 members of the index that have thus far reported earnings have seen a 42.8% decline in aggregate profits, and analysts surveyed by FactSet expect a 42.4% drop in earnings once all reports are in.
At the same time, companies beating expectations on both revenue and earnings have only outperformed the market by 1.2% on average, according to Credit Suisse Chief U.S. Equity Strategist Jonathan Golub.
With Gilead, look for clues about the company's remdesivir drug and how it will impact financials now that the government has issued an emergency use authorization for the drug to be used in the treatment of some seriously ill COVID-19 patients.
Keywords
Quote: US:EBAY, Internet/Online Services, US:AMZN, Quote: US:AMZN, PageType: Article, Corporate/Industrial News, Industry: Computers/Electronics, US:AAPL, Quote: US:CVX, Quote: US:SNAP, Quote: US:TWTR, Quote: US:MSFT, Earnings, Industry: Internet/Online Services, Quote: US:GM, Analyst Comment/Recommendation, technology, Industry: Business/Consumer Services, Quote: US:TSLA, Quote: US:GOOGL, article_normal, Quote: US:RTX, Quote: US:V, ArticleId: 56454E60-CDCE-11EA-89F4-A98C3A4B329E, recommendation, Quote: US:MRK, Quote: US:GOOG, Quote: US:PYPL, Subject: Analyst Comment/Recommendation, Template: Normal, Quote: US:MMM, Quote: US:XOM, consumer services, Quote: US:PFE, internet, Quote: US:F, Quote: US:SPX, Quote: US:GILD, Quote: US:CAT, Industry: Software, analyst comment, Column: Earnings Watch, business, industrial news, earnings, Subsection: Internet/Online Services, Quote: US:MCD, Apple Inc., US:GOOG, US:GOOGL, FIRST_PUBLISH_HEADLINE|Big Tech’s big test arrives in the busiest week of earnings season, Business/Consumer Services, Amazon.com Inc., HEADLINE|Big Tech’s big test arrives in the busiest week of earnings season, Quote: US:FB, Quote: US:AAPL, electronics, Software, Facebook Inc. Cl A, Quote: US:MA, science, Subject: Corporate/Industrial News, Quote: US:PG, Subject: Earnings, Quote: US:BA, computers, DocType: 103, US:FB, online services, Alphabet Inc. Cl A, Alphabet Inc. Cl C, Computers/Electronics, corporate, Science/Technology, Subject: Science/Technology, software
Interested in Learning More?
Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.