Apple – Designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide
Apple (NASDAQ: AAPL) is scheduled to announce Q3 results at 9:00 PM GMT today. The consensus EPS estimate is $2.07 (-5.0% year-on-year) and the consensus revenue estimate is $52.56 billion (-2.3% year-on-year).
With the second-quarter earnings that blew away Wall Street estimates, all eyes are shifting on today’s conference call to hear about how the company is recovering from the coronavirus, especially with the new spikes in cases which forced recently re-opened stores to close. On a negative note, in June, the New York Times Co. ended its partnership with Apple news, and yesterday the company faced scrutiny by U.S lawmakers and was questioned about the high fees on digital products on the App store.
Amazon – Engages in the retail sale of consumer products and subscriptions in North America and internationally
Amazon (NASDAQ: AMZN) is scheduled to announce Q2 results at 9:30 PM GMT today. The consensus EPS estimate is $1.62 (-69.0% year-on-year) and the consensus revenue estimate is $81.27 billion (+28.2% year-on-year).
Amazon was one of the Big Tech firms accused by U.S lawmakers yesterday for boosting profits by crushing rivals. Furthermore, on July 27th, California’s Attorney General was examining the company’s effort in protecting their workers from the coronavirus pandemic, as the investigation revealed a case where an Amazon grocery warehouse worker accused the company of providing inadequate protection.
Facebook – Develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide
Facebook (NASDAQ: FB) is scheduled to announce Q2 results at 10:00 PM GMT today. The consensus EPS estimate is $1.38 (-30.7% year-on-year) and the consensus revenue estimate is $17.36 billion (+2.8% year-on-year).
Facebook was also part of yesterday’s antitrust hearing, questioned about neutralizing potential competitors and about Cambridge Analytica. On a positive note, Instagram (owned by Facebook) confirmed to launch a new application called “Reels” which is set to rival “TikTok” early August of this year. “TikTok” could be banned by the Trump administration for national security reasons which could be a boost for its rivals.
Alphabet – Provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America
Alphabet (NASDAQ: GOOG) is scheduled to announce Q2 results at 8:30 PM GMT today. The consensus EPS estimate is $8.23 (-42.1% year-on-year) and the consensus revenue estimate is $37.34 billion (-4.1% year-on-year).
Google also took part in yesterday’s antitrust hearing, questioned about stealing content from smaller Internet businesses. On a positive note, Google’s latest move against Amazon trying to gain a foothold in the online shopping world by providing sellers a zero commission basis while giving the option of using the company’s payment system or the choice of a third-party platform, starting with PayPal and Shopify.
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