Earnings start to heat up tomorrow with Alphabet and Microsoft scheduled to release

<p>The impact of the earnings season will start to be felt a little more starting tomorrow with Microsoft and Alphabet/Google scheduled to release the earnings after the close. Before the open, Verizon, GM, 3M, GE, Raytheon will release earnings. </p><p> Today Verizon announced that they will boost wireless internet prices by $10. Verizon shares are trading up $0.32 or 0.94% to $34.21. Microsoft shares are trading at $1.17 or 0.34% at $344.91. Google is up $1.56 or 1.29% $121.56.</p><p>Tuesday, July 25</p><ul><li>Alphabet</li><li>Microsoft</li><li>3M</li><li>General Electric</li><li>General Motors</li><li>Visa</li><li>Dow</li><li>Raytheon</li></ul><p>Wednesday, July 26</p><ul><li>Meta-platforms</li><li>Boeing</li><li>Chipotle</li><li>Coca-Cola</li><li>Qualcomm</li><li>ServiceNow</li><li>General Dynamics</li><li>AT&amp;T</li><li>ADP</li><li>Hilton</li></ul><p>Thursday, July 27</p><ul><li>Amazon</li><li>Bristol-Myers Squibb</li><li>Intel</li><li>McDonald's</li><li>Honeywell</li><li>Northrop Grumman</li><li>MasterCard</li><li>Ford Motor Company</li><li>T-Mobile</li></ul><p>Friday, July 28</p><ul><li>Procter &amp; Gamble</li><li>Chevron</li><li>Exxon Mobile</li><li>Colgate-Palmolive</li></ul><p>As far as the Big 4 releasing next week – Microsoft, Alphabet, Meta and Amazon – earnings and revenue forecasts show:</p><p>Microsoft:</p><ul><li>Expected Q4 EPS: $2.55 up 14.3% YoY from $2.23.</li><li>Expected Q4 Revenue: $55.48 billion up 7% YoY.</li><li>Previous quarter performance: surpassed both EPS and revenue expectations.</li><li>Comments: Best quarter anticipated in Microsoft's 48-year history, with strength attributed to the cloud business and AI initiatives.</li></ul><p>Alphabet:</p><ul><li>Expected Q2 EPS: $1.34 up 10.7% YoY from $1.21.</li><li>Expected Q2 Revenue: $72.66 billion up 4% YoY.</li><li>Previous quarter performance: revenue and earnings topped estimates after four straight quarters of missing expectations.</li><li>Comments: Benefits from ongoing cost-cutting measures contributing to EPS growth.</li></ul><p>Meta Platforms:</p><ul><li>Expected Q2 EPS: $2.88 up 17.1% YoY from $2.46.</li><li>Expected Q2 Revenue: $31 billion (up 7.6% YoY).</li><li>Previous quarter performance: unexpected increase in revenue following three quarters of declines.</li><li>Comments: Digital advertising market showing signs of improvement.</li></ul><p>Amazon:</p><ul><li>Expected Q2 EPS: $0.34 improvement from a loss of $0.20 per share in Q2 2022.</li><li>Expected Q2 Revenue: $131.3 billion up 8.3% YoY.</li><li>Comments: Performance bolstered by cost-saving measures, cloud computing, and advertising businesses.</li></ul><p>Apple will announce on August 3. The earning expectations shows:</p><p>Apple:</p><ul><li>Expected Q2 EPS: $1.19 down 0.8% YoY from $1.20.</li><li>Expected Q2 Revenue: $81.77 billion down 1.4% YoY.</li><li>Comments: Slowing demand for high-end smartphones and computers negatively impacting earnings and revenue.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.