In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning.
While the tech-industry layoffs have yet to hit Apple, some analysts say the company is unlikely to be spared, despite Chief Executive Tim Cook requesting and receiving a healthy cut to his compensation. Full Facebook earnings preview: Meta’s ‘darkest days’ are ahead, but some analysts say ad sales are still on track
This week in earnings For the week ahead, 107 S&P 500 SPX companies, including six members of the Dow Jones Industrial Average DJIA , will report results in the coming week, according to FactSet. While more Dow components reported last week, this will be the busiest week for S&P 500 holiday earnings for the season, FactSet senior earnings analyst John Butters confirmed to MarketWatch.
The calls to put on your calendar WWE upheaval: World Wrestling Entertainment Inc. WWE reports earnings on Thursday, as Vince McMahon — who returned to the professional-wrestling organization this month following allegations of sexual misconduct — seeks a buyer or some other so-called “strategic alternative” for the company.
Absolutely, there was no reason companies such as Google, Microsoft, and Facebook (Meta) were growing their head count by 20% during a pandemic.