![]() Even with this rally, CFRA Research analyst Angelo Zino says the risk-reward remains favorable for the Dow Jones stock as revenue growth is expected to accelerate in the company's September and December quarters. Earnings spotlight: AppleĪpple ( AAPL, $193.22) has been one of the best stocks of 2023, with shares up more than 50% for the year-to-date. However, this positions the segment to see accelerated growth moving forward, "which could be a major catalyst for the shares in the back half of the year," Sundaram adds. Meanwhile, the analyst expects year-over-year revenue growth for Amazon Web Services, the company's cloud division, to have bottomed at 11% in the second quarter. ![]() For the next earning release, we expect the company to report earnings of 0.12 per share, reflecting a year-over-year. AMZN's advertising and third-party seller services will likely see the strongest growth, Sundaram says, while first-party online store sales will see a more modest increase as consumers shift spending away from discretionary items. Look out for PINS's next earnings release expected on August 07, 2023. Revenue is forecast to slip 2.1% year-over-year to $118.7 billion.ĬFRA Research analyst Arun Sundaram (Buy) believes revenue growth by segment will be mixed this time around. Expectations are for Amazon to swing to a per-share profit of 32 cents vs a loss of 20 cents per share in the year-ago period. Analysts are anticipating solid growth for the company's Q2 financial results, as well.ĪMZN is slated to unveil its second-quarter earnings report after Thursday's close. Thursday (8/3) Earnings spotlight: Ī ( AMZN, $128.25) put in a strong performance on the price charts in the second quarter, with the consumer discretionary stock climbing more than 26% over the three-month period. Other noteworthy earnings reports Company Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice. ET PINS earnings call for the period ending December 31. Analysts expect the chipmaker to disclose earnings of 52 cents per share, down 50.5% on a year-over-year (YoY) basis, on revenue of $4.8 billion (-26.8% YoY). Learn More NYSE: PINS Pinterest Market Cap 17B Today's Change (1.60) 0.40 Current Price 25.36 Price as of June 16, 2023, 4:00 p.m. ![]() Tuesday (8/1) Earnings spotlight: Advanced Micro DevicesĪdvanced Micro Devices ( AMD, $111.10) will report second-quarter earnings after Tuesday's close. ![]()
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