Today is one of the heaviest tech days for quarterly earnings and some of the biggest companies in the sector are reporting; Amazon, Alphabet and Microsoft all report earnings after the closing bell. This quarter will also include about five weeks of Whole Foods results after that transaction closed in late August. For the quarter last year, Whole Foods had reported $3.5 billion in revenue and net income of $88 million. In the second quarter, the company reported $4.1 billion in revenue and operating income of $916 million for Amazon Web Services. Many analysts are expecting lower earnings this quarter due to heavier investments in fulfillment centers, acquisitions, international expansion and Prime Video content.

Source: Forbes October 26, 2017 16:07 UTC