More than a third of the S&P 500 are expected to report their quarterly results in the coming week, including Apple Inc. and Tesla Inc., as companies detail how the reopening world is affecting their businesses.
Tech giants will dominate the coming earnings calendar. In addition to Apple and Tesla, other big names providing quarterly updates include Microsoft Corp. , Google parent Alphabet Inc. and Amazon . com Inc.
In total, 181 companies in the S&P 500 will report results this coming week, according to FactSet, following the 25% that have already logged results through Friday.
Tesla jump-starts the week with its report Monday. The Silicon Valley car company has enjoyed record sales, delivering nearly 185,000 vehicles in the first quarter. However, the company also is facing questions about the safety of its battery-powered vehicles following a recent crash in Texas and a protest in China.
On Tuesday, Microsoft and Alphabet report their results after the market closes. Microsoft has benefited from strong demand for its cloud-computing services and videogame business during the pandemic. The company posted record quarterly revenue in the holiday quarter, and analysts are projecting sales to grow 17% to more than $41 billion in the opening months of 2021, according to FactSet.
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Tesla, Apple and Amazon Headline a Heavy Earnings Week - The Wall Street Journal
