We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Meta Platforms Inc | NASDAQ:FB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 196.64 | 196.08 | 196.65 | 0 | 01:00:00 |
By Lauren Pollock and Peter Santilli
With about 35% of the companies in the S&P 500 set to report quarterly results this week, investors will get a fresh look at whether companies ranging from automobile makers to technology giants have remained on strong footing. Google parent Alphabet Inc., Facebook Inc. and Amazon.com Inc. are among the most high-profile names on tap.
Investors will be watching to see whether those companies can maintain their surging pace of earnings and revenue growth. All three are projected to post double-digit increases for both metrics.
The companies, though, have drawn attention from regulators for their growing dominance in their respective industries. Alphabet and Facebook are facing scrutiny over their vast reach and access to personal data, while President Donald Trump has lashed out at Amazon's business practices and economic impact.
But those concerns haven't yet dented the companies' share prices. All three stocks have hit a series of repeated all-time highs in recent weeks, closing at new highs most recently on Tuesday. The S&P 500, meanwhile, is 2.5% below its all-time high, and a blowout quarter from the tech giants -- which have been some of the best performers in the S&P 500 this year -- could help propel the index to its first record since January.
In all this earnings season, 87% of companies have posted stronger-than-expected profits and 77% have beat revenue expectations. Earnings are up 21% from the year-earlier period, which would mark the second-highest growth rate since the third quarter of 2010, according to FactSet.
Facebook is projected to report another slight uptick in monthly active users when it reports results Wednesday. After facing a number of crises since the 2016 election, including widespread data-privacy concerns, the social-media company has sought to repair its image among users and advertisers as well as stave off further regulation.
Google's advertising revenue, which accounts for nearly all of Alphabet's top line, is expected to climb again when the company reports results Monday. Google has maintained its lead in the global market for online ads despite its massive size and growing competition from fast-expanding challengers.
Amazon's profit is seen topping $1 billion for the third straight quarter when it posts results Thursday. The online retail giant, which has a reputation for plowing nearly every dollar it earns into investments, has credited its strong results to its cloud-services and advertising businesses.
(END) Dow Jones Newswires
July 22, 2018 09:14 ET (13:14 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Meta Platforms Chart |
1 Month Meta Platforms Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions