Q2 2021 Announcements

The midyear tech earnings season kicked off on Monday with generally positive results for IBM
That' right, IBM shares jumped as its second quarter earnings beat Wall Street expectations!
What Happened:
The consensus view on Wall Street was that IBM would report revenue of $18.3 billion, up about 3% from a year ago, with profits of $2.29 a share. Like many other tech companies this quarter, IBM’s results will benefit from comparisons with a low base.
Revenues fell 5.4% in the same quarter one year-ago as U.S. gross domestic product fell 34% (thanks to successive lockdowns in the US and its international markets).
What You Need to Know:
Looking forward, expectations for the September quarter are that revenue will be $17.6 billion, with profits of $2.59 a share.
IBM’s business should benefit from a pickup in enterprise spending on hardware, software, and services. The research firm Gartner this week projected 2021 information-technology spending will jump 8.6%, a sharp improvement from the 0.9% increase in 2020. Let's see what happens next.
Netflix ain't chillin
Netflix is the world's leading streaming entertainment service with 208 million paid memberships in over 190 countries. But it still has big(ger) ambitions for 2021 and beyond!
According to Zacks Investment Research, based on analysts' forecasts, the consensus Earnings Per Share (EPS) forecast for the quarter is $3.16. Which is some distance from last year's reported EPS for the same quarter of $1.5899999999999999. Netflix is expected to report earnings today (20.07.21) after US market close (around 9pm UK time) for the fiscal quarter ending June 2021. So stay tuned.
Later this week...
On Wednesday, we expect earnings announcements for Coca Cola, Johnson & Johnson, Verizon and Goldman Sachs.
On Thursday, earnings announcements are expected for Intel, Unilever and AT&T.
On Friday, American Express and Schlumberger, earnings announcements are expected.
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