Business
Earnings Reports to Watch Tonight: Companies Expected to Announce Results
Tonight is a big night for investors as several major companies are set to announce their earnings after hours. Among them, Microsoft Corporation is expected to report for the quarter ending June 30, 2024. Analysts predict the tech giant will show a consensus earnings per share of $2.90, marking a 7.81% increase from the previous year.
Meanwhile, Advanced Micro Devices, Inc. is also on the roster with a forecast of $0.47 earnings per share, a notable 17.50% rise compared to the same quarter last year. They have shown a solid performance recently, meeting analyst expectations three out of four times this past year.
Stryker Corporation, known for its medical products, is anticipated to report earnings of $2.79, indicating a 9.84% increase from last year. The company has consistently outperformed expectations in their last quarters.
Another intriguing company to watch is Arista Networks, Inc. The communications firm expects to report a significant rise to $1.72 per share, which would be up 21.99% from the same period last year.
Mondelez International, Inc. is projected to show modest gains with a forecast earnings per share of $0.78, reflecting a 2.63% increase year-over-year. Starbucks Corporation, on the other hand, anticipates a decrease with expectations set at $0.93, which represents a 7% drop from the previous quarter.
Furthermore, Canadian Pacific Kansas City Limited’s expected earnings of $0.74 indicate a strong performance with a 19.35% increase. Public Storage is expected to report $4.20, but that will be a slight decrease compared to last year.
Meanwhile, Electronic Arts Inc. is facing challenges with a predicted drop to $0.03 in earnings per share, a staggering 96% decrease from last year’s results. However, Arch Capital Group Ltd. is expected to bounce back with a projected earnings per share of $2.17, marking a 13.02% increase.
Finally, Extra Space Storage Inc. is anticipating $2.00, which slightly down from the previous year, while FirstEnergy Corp. expects to report earnings of $0.56, a strong 19.15% increase year-over-year. Investors will be closely watching these reports for insights into each company’s performance.
