From Nasdaq MarketSite: 2024-08-01 08:18:00

As of Jul 31, 285 S&P 500 companies reported a 9.8% increase in earnings with 80.7% beating EPS estimates. Expectations for total earnings of the S&P 500 in Q2 are up 9%. Market focus is on big techs this week and companies like Twilio, expected to benefit from digital transformation efforts and new product offerings, are set to report.

Shopify is experiencing growth with new merchant tools and partnerships with key companies like IBM and Amazon. Shopify’s expected revenue and earnings growth rates for the year are 20.7% and 33.8%, respectively. Positive trends are likely to continue for the company, driving growth in the upcoming quarters.

Take-Two Interactive Software anticipates strong digital revenues from popular game franchises like GTA and Red Dead Redemption. The recent acquisition of Zynga has positioned the company as a major player in mobile gaming. Financials show an expected revenue growth rate of 5.5% for the current year. The company has been a consistent performer with positive earnings surprises in recent quarters.



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