Tech's Biggest Earnings Week Is Here

From software and internet to e-commerce and semiconductors, some of the industry’s biggest names will report their financial results in the coming days, offering investors important updates on artificial intelligence, the cloud, e-commerce, advertising, and consumer spending.Out of that list, the fastest year-over-year revenue growth, according to analyst forecasts, is slated to come from Meta, at 21%, and Amazon, at 11%.

According to FactSet, analysts expect the overall S&P 500 technology sector to post third-quarter earnings growth of 4.8% versus the year-ago period. Within the sector, communications equipment, software, IT Services, and hardware are expected to post year-over-year earnings growth, while electronic equipment and semiconductors are predicted to post declines.

The biggest company of all— Apple —is still to come next week. The iPhone maker will report its fiscal fourth quarter earnings on Thursday, Nov. 2.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Stock futures edge higher on Sunday night as Wall Street awaits big tech earnings: Live updatesStock futures ticked higher on Sunday night, ahead of a big week of earnings reports and key economic data releases.
Source: CNBC - 🏆 12. / 72 Read more »

Dow futures lift, major tech earnings in focusDow futures lift, major tech earnings in focus
Source: Investingcom - 🏆 450. / 53 Read more »

Asia shares wary on Middle East as tech earnings loomAsia shares wary on Middle East as tech earnings loom
Source: Investingcom - 🏆 450. / 53 Read more »

Marketmind: Stocks struggle as yields rise, tech earnings loomMarketmind: Stocks struggle as yields rise, tech earnings loom
Source: Investingcom - 🏆 450. / 53 Read more »

Uneasy investors face a huge week from earnings and volatile interest ratesWith global markets on edge because of rising Middle East tensions, what happens with bond yields may count as much as this week's results from Microsoft, Alphabet, Meta and Amazon.
Source: startelegram - 🏆 248. / 63 Read more »