This 7 days: Netflix, AmEx final results, US house gross sales | Business
2 min readA search at some of the essential business enterprise gatherings and economic indicators impending this week:
BINGE THIS
Wall Street expects Netflix’s newest quarterly report card will present the video streaming support did not skip a defeat soon after a strong 2020.
Analysts forecast the corporation will report Tuesday that its initial-quarter earnings and earnings improved sharply from a yr earlier. Buyers will be listening for an update on Netflix’s subscriber rely, which surpassed 200 million for the to start with time previous yr as the company’s growing lineup of Television set collection and movies continued to captivate folks stuck at home for the duration of the pandemic.
Red-Incredibly hot HOUSING Marketplace
Economists venture that sales of earlier occupied houses accelerated in March as the spring homebuying season ramped up.
The National Affiliation of Realtors is expected to report Thursday that revenue of beforehand occupied U.S. properties elevated to a seasonally adjusted yearly amount of 6.25 million units very last thirty day period. That would comply with a speed of 6.22 million units in February, when unseasonably chilly winter weather and ice storms in Texas and other southern states dampened gross sales.
Current property gross sales, in millions, seasonally modified yearly level:
Oct. 6.73
Nov. 6.59
Dec. 6.65
Jan. 6.66
Feb. 6.22
March (est.) 6.25
Supply: FactSet
Mixed Final results?
American Categorical delivers its initial-quarter success Friday.
The credit card issuer is expected to report that its earnings enhanced sharply from a 12 months in the past, whilst its earnings declined. The pandemic struck at the coronary heart of AmEx’s company model past calendar year. Its cardmembers, normally the effectively-to-do and company consumers, stopped traveling for leisure or business enterprise and weren’t in a position to attend concerts and demonstrates.
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