Several big corporations will release their first-quarter 2023 earnings reports this week. Investors should pay attention to these reports and think about how their portfolios might be affected. Let’s examine some of the major businesses reporting this week and consider what lies ahead for them.
This week’s most eagerly awaited earnings announcement comes from tech behemoth Apple Inc. (AAPL) on Tuesday, March 9. Experts forecast that Apple would report revenue of $89 billion, a modest down from the $91 billion reported last year. Due to rising costs for research and development, experts also anticipate flat profits compared to last year. Investors are probably still upbeat about Apple despite the anticipated slowdown in growth, as its stock has been continuously climbing over the past few weeks.
On Tuesday, March 9th, chipmaker Intel Corporation (INTC) will also release earnings. Experts anticipate a 4% increase over the same period last year, bringing Intel’s revenue to $18 billion. Also, they forecast that Intel will make $1.35 in profits per share, up from $1.25 in the same quarter last year. This represents a respectable 8% gain in earnings. This news may inspire investors, who may then view Intel as a compelling alternative in a market where tech companies are steadily rising in price.
When the markets close on Tuesday, software juggernaut Microsoft Corporation (MSFT) announces its own quarterly results, capping out the day’s reports. Experts predict that Microsoft would earn roughly $2 per share in profits and $37 billion in revenue, which would be a little improvement above the $34 billion and $1.95 per share it earned in the first quarter of 2020, respectively. Investors may see this data as evidence that Microsoft is still expanding despite generally hard economic conditions, as has been the case with Apple and Intel as well as Microsoft’s stock price, which has been heading upward recently.
Investing can be a challenging endeavor, but staying informed is one way to make sure you are in the know when it comes to choosing wisely. Investors should pay close attention when numerous large corporations release their quarterly earnings this week so they can decide where to spend their money the following quarter and beyond.
About Author
