Google, Starbucks, AMD earnings: What to know in markets Tuesday
Heidi Chung
Reporter
Yahoo FinanceApril 28, 2020
0:00
2:03
Market Recap: Monday, April 27
Alphabet is expected to report adjusted earnings of $13.97 per share on $32.56 billion in revenue during its first quarter. The tech giant’s results could be negatively impacted by its exposure to the travel industry, which accounts for approximately 11% of search and revenue. Ad revenue will have likely taken a hit amid COVID-19, but Alphabet’s cloud business could remain a bright spot, according to analysts.
“We believe Street estimates for Q1 are likely optimistic, given the material pullback in ad spend due to COVID-19. Management commentary on near-term Ad Revenue outlook will be key,” RBC analyst Mark Mahaney wrote in a note April 24.
A worker uses a thermometer to check the temperature of a customer as he enters a Starbucks shop as the country is hit by an outbreak of the new coronavirus, in Beijing, China January 30, 2020. REUTERS/Carlos Garcia Rawlins
Coffee giant Starbucks is estimated to report adjusted earnings of 34 cents per share on $5.90 billion in revenue during its fiscal second quarter.
Source:https://finance.yahoo.com/news/goog...hat-to-know-in-markets-tuesday-012511427.html
Heidi Chung
Reporter
Yahoo FinanceApril 28, 2020
0:00
2:03
Market Recap: Monday, April 27
Alphabet is expected to report adjusted earnings of $13.97 per share on $32.56 billion in revenue during its first quarter. The tech giant’s results could be negatively impacted by its exposure to the travel industry, which accounts for approximately 11% of search and revenue. Ad revenue will have likely taken a hit amid COVID-19, but Alphabet’s cloud business could remain a bright spot, according to analysts.
“We believe Street estimates for Q1 are likely optimistic, given the material pullback in ad spend due to COVID-19. Management commentary on near-term Ad Revenue outlook will be key,” RBC analyst Mark Mahaney wrote in a note April 24.
A worker uses a thermometer to check the temperature of a customer as he enters a Starbucks shop as the country is hit by an outbreak of the new coronavirus, in Beijing, China January 30, 2020. REUTERS/Carlos Garcia Rawlins
Coffee giant Starbucks is estimated to report adjusted earnings of 34 cents per share on $5.90 billion in revenue during its fiscal second quarter.
Source:https://finance.yahoo.com/news/goog...hat-to-know-in-markets-tuesday-012511427.html
