Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Alibaba: did coronavirus affect the earnings?
The Chinese e-commerce giant Alibaba will publish its earnings report on February 13, at 14:30 MT time.
This will be one of the most closely watched releases as investors will be assessing the impact of coronavirus outbreak on the spending in the e-commerce sector, logistics and supply chains. The company has already taken measures to support the distribution, which includes lowering the platform fees. The actual scope of the tragedy will be revealed with the publications of current and future financial data. For now, analysts anticipate the company to post EPS at $2.27 and the revenue of $22.66 billion. If the actual figures are weaker, it will be bad news for the Alibaba stock, which has been up by 29% over the past 12 months.
- If EPS and revenue outperform the forecasts, ALIBABA stock will rise;
- If EPS and revenue underperform the forecasts, ALIBABA stock will fall.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.