Following last week’s positive report from Netflix, Inc. NFLX, several internet firms will be reporting their earnings numbers this week. Those key names include Alphabet Inc GOOG GOOGL, Amazon.com, Inc. AMZN, Facebook Inc FB and Alibaba Group Holding Ltd BABA.
The upcoming results come amid positive e-commerce data, which bodes well for leading internet firms.
“Overall, our checks suggest continuing positive online spending trends in Q4, although F/X headwinds and widespread product discounting (e-commerce) could limit upside,” Baird analyst Colin Sebastian wrote in a note.
Looking ahead, Sebastian expects outlooks from Internet firms to reflect ongoing high levels of investments reflecting multiple long-term secular growth opportunities.
Internet Roundup
Following are Wall Street’s brief take on the upcoming quarterly earnings of leading internet companies:
On other small and mid-cap firms, Sebastian expects generally positive reports from ChannelAdvisor Corp ECOM, Shutterfly, Inc. SFLY, Yelp Inc YELP and Wayfair Inc W on healthy mobile/e-commerce trends. That said, the analyst noted that margin issues could weigh a bit on Shutterfly and Wayfair.
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