Amazon, Google earnings on tap; Chipotle opens new burger chain; Dow Chemical beats Wall Street expectations
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Amazon (AMZN) – The online retail giant is in focus ahead of third-quarter results. Wall Street is expecting earnings per share of 78 cents on revenue of $32.69 billion. Investors will be keeping a close eye on Amazon’s cloud computing division, its retail segment and guidance for the holiday season. Amazon’s stock is up nearly 22% so far this year.
Alphabet (GOOGL) – Google’s parent company Alphabet is scheduled to report third-quarter earnings after the bell Thursday. Analysts are expecting a 20% increase in revenue and earnings per share of $8.63. Two important things to watch in the report will be ad clicks and cost per click. Ad clicks rose 29% in the second quarter while cost per click fell 7% year-over-year. Alphabet’s stock is up more than 11% in the past year.
Chipotle (CMG) – The company opened its first restaurant for its new burger chain, Tasty Made. The restaurant, which is located in Lancaster, Ohio, has a drive-thru and sells burgers, fries, shakes and sodas.
Bristol Myers Squibb (BMY) – The pharmaceutical giant reported better than expected third-quarter results, posting adjusted earnings per share of 77 cents on revenue of $4.92 billion. Bristol-Myers Squibb also raised its full-year outlook for 2016 and authorized the repurchase of $3 billion of its shares.
Dow Chemical (DOW) – The company topped analysts’ earnings estimates in the third quarter. Dow Chemical reported earnings per share of 91 cents on revenue of $12.48 billion.