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Big tech earnings will flow in thick and fast in the upcoming week, providing more clarity on how supply chain disruptions and the macroeconomic malaise have impacted these companies. Mid-cap and small-cap banks, oil giants, financial services firms, and big pharma companies are also due to release their earnings.
The week will see earnings reports from 175 S&P 500 companies, including 12 Dow components, according to FactSet. The firm estimates that S&P 500 companies will report earnings growth of 4.8% and revenue growth of 10.9% in the second quarter, both metrics trailing the five-year average.
The second half of the year evinces some confidence, with FactSet’s earnings and revenue growth estimate for the full-year 2022 at 9.8% and 10.8%, respectively.
Here are the noteworthy earnings scheduled for the week:
Tuesday
Before the market open
- 3M Company MMM
- General Electric Company GE
- McDonald’s Corporation MCD
- Xerox Holdings Corporation XRX
After the close
- Alphabet, Inc. (NASDAQ; GOOGL) GOOG
- Texas Instruments, Inc. TXN
- Microsoft Corporation MSFT
Related Link: Snap, Twitter Lead Social Media Stocks Lower Following Disappointing Q2 Earnings: What Does Near-Term Hold For This Space
Wednesday
Before the market open
- Boeing Company BA
- Bristol-Myers Squibb Company BMY
- Humana, Inc. HUM
- Spotify Technology SA SPOT
After the close
- Meta Platforms, Inc. META
- Qualcomm, Inc. QCOM
Thursday
Before the market open
- Comcast Corporation CMCSA
- Merck & Co., Inc. MRK
- Pfizer, Inc. PFE
- Sanofi SNY
- Tilray Brands, Inc. TLRY
After the close
- Apple, Inc. AAPL
- Roku, Inc. ROKU
- Intel Corporation INTC
Friday
Before the market open
- AbbVie, Inc. ABBV
- AstraZeneca plc AZN
- Exxon Mobil Corporation XOM
- Chevron Corporation CVX
The SPDR S&P 500 ETF Trust SPY closed Friday’s session down 0.93% at $395.09, according to Benzinga Pro data.
Photo: Courtesy of RosieTulips on flickr
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Image and article originally from www.benzinga.com. Read the original article here.