Top Storylines to Emerge from Busy Week of Tech Earnings

On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney highlights the top storylines and talking points to watch during this packed week for major tech sector earnings reports.

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Earnings season is in full throttle, as this week will see fresh data from some of the world’s largest and most influential technology companies. Wall Street, individual investors, and the financial media will be keen to learn about the latest data from these companies, as well as the new storylines these reports might reveal.

For Apple AAPL, which will report this afternoon, the storyline is likely known already. The iPhone maker this month issued its first profit warning in over 15 years, citing sluggish performance in its Greater China region as the primary reason for the missed guidance.

But what will Apple say next? Should investors expect the company’s China woes to continue, or was this quarter’s underperformance simply a bump in the road? Will Tim Cook and the rest of Apple’s management focus on a different region entirely for the next phase of growth? These are all questions Apple investors will be looking for answers to today, and such considerations will dominate the conversation moving forward.

Similarly, Facebook FB will face a number of questions this week about the future of its business. The social media giant reports on Wednesday, and analysts are expecting its adjusted earnings per share figures to contract from last year. This is because Facebook is spending tons of cash to address content abuse and data privacy issues, which have become a major headwind for the stock.

Another tech behemoth reporting on Wednesday, Microsoft MSFT, will play a large part in a separate conversation. Microsoft will hope its report can prove that it is making up ground on Amazon AMZN, which reports on Thursday afternoon.

Amazon, the worldwide leader in e-commerce, and software pioneer Microsoft might not compete in many of their business ventures, but the two are key rivals in the public cloud industry. Amazon operates the largest cloud platform, Amazon Web Services, while Microsoft’s Azure platform is trudging along in second. This week’s reports will give us the latest update in the cloud war.

Make sure to check out this week’s episode for Ryan’s thoughts on all of these stories!

If you feel that we missed something, or if you want us to cover a different story, shoot us an email at [email protected]. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!

Thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!

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