Amazon, Intel, Microsoft and Alphabet
Four high profile companies will be announcing earnings after the close - Amazon, Intel, Microsoft and Alphabet. The impact on the overall stock market can be great depending upon the reaction.
Amazon:
For the first quarter, Amazon is expected to earn $1.08 per share on revenue of $35.3 billion, up 21% from Q1 2016.
What to watch? Does Amazon Web Services revenue growth slow? Last quarter growth slowed to 47% from 55%. Sales in AWS are expected to rise to 3.65B. Can growth get back above 50%?
Alphabet:
Analysts expect Alphabet to report GAAP earnings of around $7.40 on revenue of 19.76B (exluding traffic acquisition costs). Traders will be watching the cloud business as well as whether YouTube ad-spending headwinds depressed sales growth.
Microsoft:
Analysts are expecting adjusted earnings of $0.70 on revenue of $23.65 billion.
Intel:
Intel is expected to earn $0.65 on revenues of 14.81B.
Big time earnings after the close
Big time earnings after the close
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