The DJIA or Dow Jones Industrial Average was helped up by rising corporate earnings. Stocks showed spectacular gains all over. The Standard & Poor 500 went up by more than one percent. Indexes went up by six percent in 2017. They are now below the record highs. Interested investors can welcome a large number of famous names earnings reports over coming days. These include notable announcements from Activision Blizzard, Apple and Facebook.
Apple and plans of iPhone
The evening of May 2 will see Apple, Inc (NASDAQ: AAPL) announcing the earnings results. The company generates a sizable portion of the US corporate earnings. This results announcements could move broader market. The investors have pulled the stock up to nearly its all time highs after the quarterly blowout results published during the ending weeks of January exhibited surging profits and record revenue for the consumer technology behemoth. The iPhone 7s success played a vital role in Apple's surging earnings. It reached $3.36 for every share. For present quarter, Tim Cook's executive team forecast revenues anywhere between $51.5 and $53.5 billon. This makes sure that the company enjoys a second consecutive quarter of YOY revenue gains post three serial declines. Investors will keenly watch the Apple company in the coming quarter.
Advertising trends in Facebook
Earnings report of Facebook, Inc. (NASDAQ: FB) are set to be published on May 3. According to consensus estimates, revenues will rise by 45 percent. It is calculated that revenues will be in the region of $7.8 billion. The profits must go up at an identical pace to touch $1.12 for every share. This social media behemoth has cautioned its investors to expect that growth in sales will slow down in 2017. This is due to the fact that the company has reached that point where the advertisement volume cannot increase without the user experience being negatively impacted. The sales gains this quarter could appear miniscule when compared to the 57 percent rise the company enjoyed in 2016.
Digital revenue of Activision
Activision Blizzard, Inc. (NASDAQ: ATVI) shares went up by 50 percent due to growing player engagement and an increasing portfolio of highly successful brands. This rally increases pressure in this publisher of video games to post surprisingly good numbers when it announced its results for the first quarter on the afternoon of May 4. As per consensus estimates, sales will increase by 20 percent in seasonally weak period and cross the $1 billion threshold.