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Investors are gearing up for one of the busiest weeks of the third-quarter earnings season. The immediate focus will be on the tech leaders: Amazon, Apple, Facebook and Alphabet as those companies were among the main drivers of the rebound in the US stock market after March lows.
The world has gone remote- people were suddenly forced to work, study, shop and be entertained at home. The reliance on technology was more crucial and industry biggest players were somewhat well-equipped to rise to the challenges. The resilience and performance of the tech sector year-to-date stood out this year – mega-caps tech companies have tackled the pandemic relatively unscathed by its impact compared to the economic malaise other industries are facing.
Without a doubt, companies are navigating in a highly uncertain environment. Investors will be keen to see how leading tech companies have fared over the past 3 months. In a pandemic-induced environment where the global economy took one of the biggest hits in modern times, tech giants are seen soaring and reaching new milestones.
Powered by cloud and AI and underpinned by security and compliance, the Company strives in their mission to empower every person and organisation which work remotely during this extraordinary times to minimise disruption across every possible industry and around the world.
Microsoft will hold its fiscal year 2021 first-quarter earnings conference call on Tuesday, October 27, 2020 at 2:30 p.m. PT.
At the height of the COVID-19 crisis, the e-commerce giant is benefitting from a surge in online sales. Even though the company has struggled to meet delivery window due to the rapid surge in unexpected orders or supply chain disruptions on a scale never seen before, Amazon has shown the greatest strength in its operations and rose to the challenges.
Amazon.com, Inc. (NASDAQ: AMZN) will hold a conference call to discuss its third quarter 2020 financial results on October 29, 2020 at 2:30 p.m. PT/5:30 p.m. ET.
In August, Apple became the first US company to hit a $2 trillion valuation following the four-for-one stock split to make the stock more accessible to a broader base of investors. The iPhone maker has fared well in the June quarter showing that their products played an important role during uncertain times.
Apple Inc will hold a conference call to discuss fourth fiscal quarter results on Thursday, October 29, 2020 at 2:00 p.m. PT/ 5:00 p.m.ET.
Despite the economic upheaval, the biggest social network continues to grow as people spend more time online and businesses turned more to e-commerce. Facebook also keeps people informed about the coronavirus.
Facebook, Inc. (NASDAQ: FB) third-quarter 2020 financial results will be released after market close on Thursday, October 29, 2020. Facebook will host a conference call to discuss its results at 3 p.m. PT / 6 p.m. ET the same day.
Despite a significant slowdown in ad revenue at the beginning of the pandemic, Alphabet support partners and business as people are increasingly turning to online services. The second quarter saw improvement in the ads business and strong growth in Google Cloud and other revenues.
Alphabet Inc. (NASDAQ: GOOG, GOOGL) will hold its quarterly conference call to discuss third quarter 2020 financial results on Thursday, October 29, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
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