Threats loom as tech giants report earnings - News Summed Up

Threats loom as tech giants report earnings


Facebook The social-media giant kicks off the biggest tech earnings on Wednesday after the market closes in New York. Facebook Inc. is expected to say revenue rose 42 per cent to $12.6 billion (U.S.) as it continues to expand in the digital-advertising market. Still, adjusted earnings are predicted to rise to $2.26 a share, according to analysts polled by Bloomberg. Amazon Amazon.com Inc., reporting on Thursday, may be the company with the fewest sore spots heading into its report. The e-commerce behemoth kept its lock on online retail spending over the holiday season, and its fourth-quarter report should reflect that success, with revenue growth estimated at 37 per cent.


Source: thestar January 30, 2018 18:33 UTC



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