Tech stocks such as Alphabet, Amazon, Facebook, and Twitter will be releasing their respective earnings report starting this week. Here are the numbers analysts and investors are expecting from some of the tech stocks set to release earnings report this week. The S&P500 tech sector recorded a new high last week in anticipation for the earnings report of stocks such as Facebook, Twitter, Amazon, and Microsoft whose earnings report topped most analyst estimates last week. The upcoming release of earnings report from tech companies is expected to send the S&P500 higher.
Google’s parent company Alphabet Inc. will also be releasing its latest earnings report on Monday. Analysts expect the company to deliver revenue of $20.83 billion on earnings of $8.20 per share. The company’s previous earnings reports have performed mostly positive leading its shares to rise by as much as 5% following the release of their recent earnings. Alphabet shares have risen by 20% during the last two quarters.
The social media giant will be releasing its second quarter earnings on Wednesday’s market close. Facebook which has been trading at around $164 during the past week is expected to deliver an earnings of $1.12 per share on a revenue of $9.2 billion. Facebook shares, have risen by around 30% in the past two quarters and have been known to go down following their earnings release during the past three quarters despite an earnings beat.
The American e-commerce company whose shares have rocketed to $1000 for the second time more than a week ago will be releasing its second quarter earnings report on Thursday. Amazon is expected to deliver an earnings of $1.38 per share with their revenue set to stand at around $37.21 billion representing a growth of more than 22%. Amazon has been expanding the entirety of its services recently as its sales continue to grow. Their Amazon Echo device along with its cloud services has also been receiving a good reception attributing to the growth of their other businesses.
Twitter will be announcing its second quarter earnings along with Amazon on Thursday. Shares of the social media company are currently hovering at $20 and are more than 50% down from its highest at $69 back in 2014. However, it has risen by around 38% during the past quarter. For its earnings report, Twitter is expected by Wall Street analysts to deliver earnings of $0.05 per share on a revenue of $535.61 million.