Tech earnings are coming and they probably won't be pretty

Tech earnings are coming and they probably won't be pretty

Invalid Date by CNN.com - RSS Channel - App Tech Section

Key Facts

  • New York CNN Business — After months of layoffs, hiring freezes and other cost-cutting measures, big tech companies are set to provide the most detailed look yet at just how bad things have gotten for their businesses amid fears of a looming recession.
  • Snapchat’s parent company, which tanked much of the tech sector in May with a warning about a worsening economy, is set to report third-quarter earnings on Thursday.
  • In a striking shift, most of the big tech companies are now expected to report slowing profit and revenue growth, or even year-over-year declines, for the three months ending in September, according to analyst estimates.
  • Net income at Meta, Amazon (AMZN), Google and Snap is also expected to be down from the year prior.

Click To Read Full Article

GEOGRAPHY
PERCENT
ORGANIZATION
PERSON
LOCATION
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?