Tuesday: NFIB Small Business Optimism, February (102.8 expected, 104.3 in January) The options market is implying a 13.75% move in either direction for the stock following earnings. Slack shares have risen an impressive 13% so far in 2020 and have outperformed the broader market’s 8.7% decline during the same time period. Analysts polled by Bloomberg expect the online chat company to report an adjusted loss of 6 cents per share on $173.46 million in revenue during its fourth quarter. Slack ( WORK) fourth-quarter financial results will be in focus in an otherwise quiet week for corporate earnings. While supply shortages of imported goods might push up prices of certain goods, demand shocks on domestic services as well as energy prices should drive down a wide variety of goods and service prices, likely outweighing the inflationary pressure due to supply chain disruptions,” Alexander explained. “Beyond February, we expect the domestic and international spread of COVID-19 to exert disinflationary pressure on net. “We think it is too early to see a significant impact from the COVID-19 outbreak in the February CPI report, although we assume some modest impact on tourism-related services,” Nomura economist Lewis Alexander wrote in a note March 6.
Like most recent economic data reports, February’s CPI data will likely not capture impact from the coronavirus, according to economists. Economists polled by Bloomberg expect the Consumer Price Index, excluding the volatile food and energy components, rose 0.2% in February, following a strong increase last month. On the economic data front, investors will get the latest CPI data ahead of the market open Wednesday. “These cascading economic ‘sudden stops’ involve a phenomenon that’s extremely rare in advanced economies: simultaneous supply and demand dislocations.”
#Slack earnings series#
“At one end of this tug-of-war, the coronavirus is causing economic disengagements and will fuel a series of awful economic data reports, negative corporate earnings revisions and financial distress for some companies,” Allianz Chief Economic Advisor Mohamed El-Erian wrote in a Yahoo Finance column over the weekend. Last week, the S&P 500 ( ^GSPC) swung 2% in both directions in four consecutive trading sessions. The rapid spread of the virus around the world has rocked global markets. And we continued to serve all of our stakeholders in a time when they needed it most.Investors will be bracing to another potentially volatile week ahead, as coronavirus infections surpassed 105,000 globally with almost 3,600 confirmed deaths, according to the World Health Organization on March 8. "We had a record quarter and year by innovating more and faster than ever, enabling our customers to be successful from anywhere, and becoming more relevant and strategic than ever. "We never could have predicted a year ago what was in store, which makes me incredibly proud of how well we pivoted our company to adapt to this pandemic world," CEO Marc Benioff said in a statement.
#Slack earnings full#
Salesforce's fourth quarter non-GAAP diluted earnings per share came to $1.04 on revenue of $5.82 billion, up 20 percent year-over-year.Īnalysts were expecting earnings of 75 cents on revenue of $5.68 billion.įor the full fiscal year 2021, non-GAAP diluted earnings per share were $4.92 on revenue of $21.25 billion, up 24 percent year-over-year. Here's a look at how the cloud leaders stack up, the hybrid market, and the SaaS players that run your company as well as their latest strategic moves.
Top cloud providers: AWS, Microsoft Azure, and Google Cloud, hybrid, SaaS players
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