Tech giants like Facebook Inc (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL) will deliver their quarterly results this time with other industries like planes, trains, automobiles, soda, burgers and industrial chemicals.
Online giants will announce their results this week, which will allow the investors and experts to peek into the future prospects of the industry, says a report from The Wall Street Journal.
Apple expected to post lower profit
According to the analysts, iPhone maker Apple Inc. (NASDAQ:AAPL) will post lower profit, on flat sales this quarter which is due on Tuesday. The California based company has seen increasing profit numbers in the past but is facing stiff competition and decline in the global demand of iPhone and slow pace of new product launches.
Mobile will be the key segment for Facebook
Facebook Inc (NASDAQ:FB) is also expected to post results on Wednesday this week. Investors will focus on mobile ad revenue and mobile users. Facebook Inc (NASDAQ:FB), according to the analysts, is trying to hold strong on the mobile market in order to post double digit revenue and earnings growth.
Amazon’s streaming segment will be watched closely
Online retailer Amazon.com, Inc. (NASDAQ:AMZN) will also declare results this week on Thursday. The company has been investing massively to enhance its position in the streaming video where it is challenged by Netflix, Inc. (NASDAQ:NFLX), which will declare its result this week on Monday. Investors will come to know the progress report of both companies. Investors will be focusing on the rate of revenue growth for Amazon as it is expected to post higher earnings compared to the previous year.
Other firms to announce earnings
Other companies like QUALCOMM, Inc. (NASDAQ:QCOM), Broadcom Corporation (NASDAQ:BRCM), Cirrus Logic, Inc. (NASDAQ:CRUS) and Texas Instruments Incorporated (NASDAQ:TXN), game maker Zynga Inc (NASDAQ:ZNGA) are also in a row to post their results next week.
Travel company United Continental Holdings Inc (NYSE:UAL) will also declare its results on Thursday. It is estimated to post lower profit due to flat sales. Other prime airlines to report their earnings next week are Delta Air Lines, Inc. (NYSE:DAL), US Airways Group Inc (NYSE:LCC) and Southwest Airlines Co. (NYSE:LUV).
Expedia Inc (NASDAQ:EXPE), virtual travel booker, will also declare results on Thursday. For Expedia, second quarter profits are expected to be affected by the increasing competition to its Hotwire car rental business.
Automobile major Ford Motor Company (NYSE:F) will also report earnings next week. Top line results of Ford are expected to increase on the backdrop of strong US auto sales along with increased demand of pickup trucks. General Motors Company (NYSE:GM) will post its result next week.
Norfolk Southern Corp. (NYSE:NSC), Railroad Company will report its earnings this week. Profits are expected to come in low due to decline in demand for coal, which is ongoing.