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Advertisement

 1. Home
 2. Industries
 3. Computers/Electronics
 4. Earnings Watch


EARNINGS WATCH


AS BIG TECH DETERMINES THE COURSE OF WALL STREET, HERE IS WHY AMAZON WILL HOLD
THE MOST SWAY

Last Updated: April 24, 2023 at 7:01 a.m. ET First Published: April 23, 2023 at
1:35 p.m. ET
By

BILL PETERS


EARNINGS WATCH: AFTER PUTTING UP ITS LARGEST ANNUAL LOSS ON RECORD LAST YEAR,
AMAZON IS EXPECTED TO BE ESSENTIAL TO EARNINGS GROWTH; META, ALPHABET AND
MICROSOFT ALSO REPORT IN ONE OF THE BIGGEST WEEKS OF EARNINGS SEASON

THIS WILL BE ONE OF THE BIGGEST WEEKS OF THE EARNINGS SEASON, WITH 180 S&P 500
INDEX COMPANIES REPORTING, ALONG WITH NEARLY HALF — 14 OF 30 — DOW JONES
INDUSTRIAL AVERAGE COMPONENTS.

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REFERENCED SYMBOLS


Advertisement
AMZN
-3.22%
META
+1.19%
GOOGL
-0.13%
GOOG
-0.47%
MSFT
-0.55%
SPX
-0.04%
RIVN
-1.33%
INTC
-2.45%
SNAP
+0.23%
PINS
-4.09%
QCOM
-0.82%
ROKU
+0.84%
EBAY
-1.66%
FRC
-43.30%
DJIA
-0.14%
KO
+0.23%
PEP
+0.41%
MCD
+0.62%
CMG
-1.37%
V
-0.09%
UPS
+1.33%
MAT
-2.06%
SPOT
+3.62%
BA
-1.41%
GM
+1.33%
MMM
-0.35%
GE
+2.23%

After huge pandemic-fueled growth, the nation’s biggest tech companies have been
laying off workers in recent months as digital demand has plunged, while
“pivoting” to a lot of talk about artificial intelligence.

This week, while the AI talk is sure to continue, Amazon.com Inc. AMZN, Meta
Platforms Inc. META, Alphabet Inc. GOOGLGOOGand Microsoft Corp. MSFT will have
to put some numbers behind their recent performance. And the outcome could
determine the shape and severity of an expected earnings recession for corporate
America...


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