Big Tech earnings approach under antitrust cloud

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Apple, Alphabet, Amazon and Facebook, together accounting for about a fifth of the S&P 500's total value, report their quarterly results on ...

Apple, Alphabet, Amazon and Facebook, together accounting for about a fifth of the S&P 500's total value, report their quarterly results on Thursday, with their stocks trading near record highs, even as they face increasing antitrust scrutiny.

A scathing report by a House of Representatives panel this month detailing abuses of market power by large tech companies suggests a tough road ahead should Democratic presidential candidate Joe Biden, who is leading in polls, win the Nov. 3 election. Microsoft, which posts its results late on Tuesday, has elevated its stock market value by a third in 2020 to US$1.6 trillion. Investors expect the software maker to report an 8per cent rise in quarterly revenue and a 10per cent jump in net income, with Cowen analyst Derrick Wood saying in a recent client note that Windows sales could get a lift from additional laptop demand as people keep working from home.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nanofilm IPO a play on growth stocks in tech spaceTHE market is abuzz over a hot tech initial public offering (IPO), raising the question of whether it's a deal worth putting money into. Read more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »

Exclusive: EU antitrust regulators set to clear Fiat-PSA merger - sourcesEU antitrust regulators are set to clear the merger of Fiat Chrysler (FCA) and France's PSA to create the world's fourth-largest carmaker, ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »