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News & Analysis
News & Analysis

US Corporate Earnings to Watch this Week

19 October 2020 By GO Markets

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Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many others.

Monday

International Business Machines (IBM): The company will host a conference call to review third-quarter 2020 financial results on Tuesday, October 13, 2020 at 8:30 a.m. (Eastern). The results are scheduled to be released at approximately 7:00 a.m. (Eastern).

As per the preliminary financial results for the third quarter, markets are expecting a revenue of $17.6 billion and GAAP diluted earnings per share from continuing operations of $1.89 and operating (non-GAAP) earnings per share of $2.58.

Tuesday

Netflix Inc (NFLX): Netflix, Inc. will post its third-quarter 2020 financial results and business outlook on its investor relations website at http://netflixinvestor.com on Tuesday, October 20, 2020, at approximately 1:00 p.m. Pacific Time.  At that time, the company will issue a brief advisory release via newswire containing a link to the third-quarter 2020 financial results and letter to shareholders on its website.

Procter & Gamble Co (PG): The Company will webcast a discussion of its first-quarter earnings results on Tuesday, October 20, 2020 beginning at 8:30 a.m. ET.

Snap Inc (SNAP): The camera company will hold its quarterly conference call to discuss third quarter 2020 financial results on Tuesday, October 20, 2020 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Phillips Morris International Inc (PM): The Company will host a live audio webcast at www.pmi.com/2020Q3earnings on Tuesday, October 20, 2020, at 9:00 a.m. ET to discuss its 2020 Third-Quarter results, which will be issued at approximately 7:00 a.m. ET the same day.

Wednesday

Tesla Inc (TSLA): The Company will post its financial results for the third quarter of 2020 after market close on Wednesday, October 21, 2020. At that time, Tesla will issue a brief advisory containing a link to the Q3 2020 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.

Thursday

Intel Cor (MS): The company will hold a conference call at 2.00 a.m. PT on Thursday, Oct. 23, 2020. to discuss its third-quarter earnings results.

Coca Cola Co (KO): The Coca-Cola Company today announced it will release third-quarter 2020 financial results on Oct. 22 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results.

 T&T Inc (T): The company’s third-quarter 2020 results will be released before 7 a.m. ET on Thursday, Oct. 22, 2020. At 8:30 a.m. ET the same day, AT&T will host a conference call to discuss the results.

Friday

American Express (AXP): The company will hold a conference call at 8.30 a.m. ET on Friday, Oct. 23, 2020. to discuss its third-quarter earnings results.

 

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