Annuncio pubblicitario
Italia markets closed

  • FTSE MIB

    34.657,35
    +318,03 (+0,93%)
     

  • Dow Jones

    39.512,84
    +125,08 (+0,32%)
     

  • Nasdaq

    16.340,87
    -5,40 (-0,03%)
     

  • Nikkei 225

    38.229,11
    +155,13 (+0,41%)
     

  • Petrolio

    78,20
    -1,06 (-1,34%)
     

  • Bitcoin EUR

    56.480,34
    -1.900,48 (-3,26%)
     

  • CMC Crypto 200

    1.265,63
    -92,38 (-6,80%)
     

  • Oro

    2.366,90
    +26,60 (+1,14%)
     

  • EUR/USD

    1,0772
    -0,0012 (-0,11%)
     

  • S&P 500

    5.222,68
    +8,60 (+0,16%)
     

  • HANG SENG

    18.963,68
    +425,87 (+2,30%)
     

  • Euro Stoxx 50

    5.085,08
    +30,67 (+0,61%)
     

  • EUR/GBP

    0,8601
    -0,0007 (-0,08%)
     

  • EUR/CHF

    0,9760
    -0,0005 (-0,05%)
     

  • EUR/CAD

    1,4718
    -0,0026 (-0,17%)
     

S&P 500 Earnings Preview – Cisco Systems Headlines Large Cap Results

David Becker
·2 minuto per la lettura

Cisco Systems

Cisco Systems Inc (CSCO). is scheduled to release its financial results after the closing bell on Wednesday. Expectations are for the company to earn $0.71 per share on $11.88 billion in revenue. This compares to $0.76 per share for the last quarter of 2019. Earnings expectations have declined more than 10% over the past 30-days dropping from $0.76 per share down to $0.71 per share. Growth estimates are for a contraction of 9%.

The focus will be on the company’s Webex platform and whether this business has kept pace with Zoom as the premium video conferencing product. The stock price is also poised to break out and test higher levels near $45 per share.

Tencent Holdings (TCEHY)

Tencent Holdings (TCEHY) is scheduled to release financial results on Wednesday 5/13/20. Expectations are for the company to earn $2.51 per share on 99.06 billion in revenue. This follows financial results in the prior quarter where Tencent earned $2.57 per share. Over the past 30-days, analysts have kept their expectations unchanged.  Expectations are for growth of 686% on a quarter over quarter basis. Tencent Holdings Limited, an investment holding company, that provides value-added services and Internet advertising services in China.

ANNUNCIO PUBBLICITARIO

There has been heavy call buying in Tencent ahead of the earnings and the stock price has broken out, which likely leads to higher prices.

Sony Corporation

Sony (SNE) is scheduled to release earnings on Wednesday 5/13/20. Expectations are for the company to earn $0.14 per share on 17.73 billion in revenues. This compares to its last quarter results which showed earnings per share of $1.27 per share. This represents a decline of 77% in earnings growth.

Sony is mainly a hardware company and despite strong pent up demand, consumers have yet to turn their focus on electronic products other than phones. This stock will likely continue to trade in tandem with the broader markets.

This article was originally posted on FX Empire

More From FXEMPIRE: