var divElement = document.getElementById(‘viz1543166874565’); var vizElement = divElement.getElementsByTagName(‘object’)[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width=’1000px’;vizElement.style.height=’827px’;} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width=’100%’;vizElement.style.height=’871px’;} else { vizElement.style.width=’100%’;vizElement.style.height=’1627px’;} var scriptElement = document.createElement(‘script’); scriptElement.src = ‘https://public.tableau.com/javascripts/api/viz_v1.js’; vizElement.parentNode.insertBefore(scriptElement, vizElement); Third quarter earnings season is wrapping up, with reports out from nearly all of the S&P 500 members. With that said, we are still waiting on some potentially significant results from some major tech companies. So let’s see what to expect from Salesforce CRM, VMware, Inc. VMW, and HP Inc. HPQ.
At this point, 484 S&P 500 members, or 96.8% of the index’s total membership, have reported their quarterly financial results. Total earnings for these companies are up 25.6% from the same period last year on the back of 8.4% higher revenues. Plus, 78.9% have topped EPS estimates and 64.7% have come in above revenue estimates. Despite these strong results and solid reports from the likes of Walmart WMT, Macy’s M, and other retailers recently, tech stocks have continued to drag down the market as a whole, fueled by Apple AAPL, Amazon AMZN, and other FAANG stock selloffs.
Therefore, understanding what to expect from some tech companies during the week of November 26 is vital as they could help bring about a small turnaround. With some help from the Zacks Earnings Calendar let’s take a closer look at a few important tech stocks and what to expect from their earnings announcements.
