The Week Ahead: Second-Quarter Earnings Calls Continue
We're watching for Disney, Uber, and others this week.
It's a busy week on the earnings front, with many companies reporting, including 3-star Walt Disney DIS on Tuesday. In late March, the company acquired Twenty-First Century Fox, which includes Hulu, and it is looking to launch Disney+ later this year, hopeful to take a stake in the digital streaming industry. Wynn Resorts WYNN, with 4 stars, will also report on Tuesday.
Uber UBER, the newly public ride-sharing company, will report earnings on Thursday. This is a hotly anticipated checkup after the company went public on May 10 and had a price drop of 11% in the first day, setting a record for U.S. markets. A spotlight is on the company after it also reported dismal first-quarter losses, two employees stepping down in the C-suite at the beginning of the summer, and, recently, that the marketing department would cut a third of the personnel.
Also reporting next week are Marriott International MAR, Kraft Heinz KHC, and CVS Health CVS.
On the data side, the Bureau of Labor Statistics will release the job openings and labor turnover survey on Tuesday.