Earnings have beaten Wall Street estimates by more than usual in 2nd quarter, but 3rd quarter isn't looking great

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Earnings watch: Here's what to look for as Disney, Lyft, UPS, Tyson Foods and more prepare to report quarterly results.

Online retail giant Amazon.com Inc.’s AMZN, +8.27% second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall Street’s expectations for the third quarter overall have only grown dimmer.

Wall Street analysts overall still expect a bigger rebound for the fourth quarter, the FactSet report said. And they expect 2023 overall to eke out a per-share profit gain of 0.8%. “The staff now has a noticeable slowdown in growth starting later this year in the forecast. But given the resilience of the economy recently, they are no longer forecasting a recession,” he said last month.

“Corporate profit margins are narrowing, and businesses will look to cut costs through layoffs,” he said. Elsewhere, ride-hailing platform Lyft Inc. LYFT, -5.73%, online dating service Bumble Inc. BMBL, -3.86% and video-game maker Take-Two Interactive Software Inc. TTWO, -2.45% also report during the week. And Canadian pot producer Canopy Growth Corp. CGC, -3.47% will get another chance to pick up the pieces, after over-expanding and now trying to hold onto its cash.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Analysts are getting bullish on these companies reporting earnings this weekWall Street analysts forecast these companies seeing upsides following their quarterly earnings announcements.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »