April 24, 2024

Cocoabar21 Clinton

Truly Business

This Week: Netflix, AmEx final results, US household product sales

2 min read

A appear at some of the essential company situations and economic indicators approaching this week:

BINGE THIS

Wall Avenue expects Netflix’s most recent quarterly report card will show the online video streaming service did not skip a conquer just after a robust 2020.

Analysts predict the firm will report Tuesday that its initially-quarter earnings and income amplified sharply from a year before. Traders will be listening for an update on Netflix’s subscriber count, which surpassed 200 million for the first time past yr as the company’s expanding lineup of Tv collection and videos ongoing to captivate people stuck at residence throughout the pandemic.

Purple-Incredibly hot HOUSING Current market

Economists task that income of previously occupied homes accelerated in March as the spring homebuying time ramped up.

The Nationwide Association of Realtors is envisioned to report Thursday that revenue of formerly occupied U.S. homes amplified to a seasonally adjusted annual price of 6.25 million units previous month. That would adhere to a speed of 6.22 million models in February, when unseasonably chilly wintertime weather and ice storms in Texas and other southern states dampened gross sales.

Current home product sales, in millions, seasonally altered yearly charge:

Oct. 6.73

Nov. 6.59

Dec. 6.65

Jan. 6.66

Feb. 6.22

March (est.) 6.25

Resource: FactSet

Mixed Benefits?

American Categorical provides its first-quarter final results Friday.

The credit card issuer is predicted to report that its earnings elevated sharply from a 12 months in the past, even though its earnings declined. The pandemic struck at the heart of AmEx’s small business model very last 12 months. Its cardmembers, frequently the very well-to-do and company clientele, stopped traveling for leisure or business and weren’t ready to attend live shows and displays.

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