Fourth-quarter earnings are near halfway done. Results have gotten better.
From Dow Jones & Company:
Financial companies are reporting lower-than-expected earnings in the U.S. fourth-quarter, and retailers are hesitant to buy products due to inflation’s effect on shoppers. AI and technology industries are propping up overall profits, with Meta Platforms Inc., Amazon, Microsoft, Alphabet, and Apple leading the rebound. As S&P 500 companies publish their quarter results, the focus shifts to Tyson Foods, Palantir Technologies, Spotify, Mattel, and PayPal among others. A call to boycott McDonald’s puts the company on the radar for their financial report, and Spirit Airlines and Walt Disney Co. also have their own challenges and numbers to watch this week.
A recent court decision affects the proposed merger between JetBlue Airways and Spirit Airlines, with questions about Spirit’s future as a stand-alone carrier. Disney’s stock is down 12% over the past year, and its streaming business is working to reach profitability, while competition in the streaming industry is consolidating.
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