News & Analysis

US Corporate Earnings to Watch this Week

October 19, 2020

By Deepta Bolaky
 @DeeptaGOMarkets

Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many others.

Monday

International Business Machines (IBM): The company will host a conference call to review third-quarter 2020 financial results on Tuesday, October 13, 2020 at 8:30 a.m. (Eastern). The results are scheduled to be released at approximately 7:00 a.m. (Eastern).

As per the preliminary financial results for the third quarter, markets are expecting a revenue of $17.6 billion and GAAP diluted earnings per share from continuing operations of $1.89 and operating (non-GAAP) earnings per share of $2.58.

Tuesday

Netflix Inc (NFLX): Netflix, Inc. will post its third-quarter 2020 financial results and business outlook on its investor relations website at http://netflixinvestor.com on Tuesday, October 20, 2020, at approximately 1:00 p.m. Pacific Time.  At that time, the company will issue a brief advisory release via newswire containing a link to the third-quarter 2020 financial results and letter to shareholders on its website.

Procter & Gamble Co (PG): The Company will webcast a discussion of its first-quarter earnings results on Tuesday, October 20, 2020 beginning at 8:30 a.m. ET.

Snap Inc (SNAP): The camera company will hold its quarterly conference call to discuss third quarter 2020 financial results on Tuesday, October 20, 2020 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Phillips Morris International Inc (PM): The Company will host a live audio webcast at www.pmi.com/2020Q3earnings on Tuesday, October 20, 2020, at 9:00 a.m. ET to discuss its 2020 Third-Quarter results, which will be issued at approximately 7:00 a.m. ET the same day.

Wednesday

Tesla Inc (TSLA): The Company will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. At that time, Tesla will issue a brief advisory containing a link to the Q3 2020 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

Thursday

Intel Cor (MS): The company will hold a conference call at 2.00 a.m. PT on Thursday, Oct. 23, 2020. to discuss its third-quarter earnings results.

Coca Cola Co (KO): The Coca-Cola Company today announced it will release third-quarter 2020 financial results on Oct. 22 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results.

 T&T Inc (T): The company’s third-quarter 2020 results will be released before 7 a.m. ET on Thursday, Oct. 22, 2020. At 8:30 a.m. ET the same day, AT&T will host a conference call to discuss the results.

Friday

American Express (AXP): The company will hold a conference call at 8.30 a.m. ET on Friday, Oct. 23, 2020. to discuss its third-quarter earnings results.

 

By Deepta Bolaky
 @DeeptaGOMarkets

Disclaimer: The articles are from GO Markets analysts, based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; should not be taken as either representative of or shared by GO Markets. Advice (if any), are of a ‘general’ nature and not based on your personal objectives, financial situation or needs. You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.

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