Key Earnings Reports This Week
Netflix (NASDAQ: NFLX) is set to announce its first-quarter results on Thursday, shortly after market close, marking its first report since raising subscription prices and ending its acquisition deal with Warner Bros. Discovery. The company forecasts record revenue of $12.5 billion, a 15% year-over-year increase, with net income targeted at $0.76 per share. Interestingly, the impact of the price hikes will not be reflected in this quarter’s results as they took effect on March 26.
Other notable companies reporting this week include ASML Holding (NASDAQ: ASML) on Wednesday, expected to show low double-digit growth, and Taiwan Semiconductor (NYSE: TSM) on Thursday, anticipating a 35% revenue increase. PepsiCo (NASDAQ: PEP) and CarMax (NYSE: KMX) will also report, with CarMax expected to conclude a third straight fiscal year of declining sales when it announces results on Tuesday.
Market volatility is heightened ahead of these announcements, especially as financial stocks and major tech names begin to report their earnings.
