Big Tech Earnings Preview: Alphabet, Facebook, and Amazon
Three "big techs" scheduled to report their second-quarter 2021 results this week are Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) on Tuesday, July 27, Facebook (NASDAQ: FB) on Wednesday, and Amazon (NASDAQ: AMZN) on Thursday. All three report after the market close.
(Apple also reports on Tuesday, but this article doesn't discuss the iPhone giant.)
Year-over-year growth expectations are unusually high for Alphabet and Facebook because their digital advertising-based businesses were significantly hurt in the year-ago period, which was the first full quarter affected by the COVID-19 pandemic. Many businesses were temporarily closed or operating at less than full capacity in that quarter. In other words, the search-engine and social-media leaders are facing easy sales comparables, and Alphabet is also facing an easy comparable on the bottom line.
Source Fool.com
