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The Week Ahead: Tesla And Apple Earnings, Sonos IPO, And More

Morning Report:聽A peek聽at what we’re keeping an eye on this week.

It’s been an earnings season . But the third quarter run isn’t over. This week both and will report recent financial performance. And there are a few IPOs on deck to boot.

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So let’s quickly get our minds around the upcoming market signals that will help set sentiment during the rest of the third quarter. Bear in mind that great reports from Microsoft, Alphabet, and Amazon have been contrasted by nasty reactions to Twitter, Facebook, and Netflix’s own quarterly reports.

The could be melting.

Regardless, here’s your micro cheat sheet of what to keep in mind over the next five days:

  • Apple earnings on Tuesday.听滨迟 “typically the least exciting period for Apple,” but the company’s聽report will include a host of mind-bending numbers. Investors revenue $52.3 billion in the period, including 42 million iPhones sold. The street also $2.16 in per-share profit, up from $1.67 in the year-ago quarter.
  • Square earnings on Wednesday.聽Square has been a public-market rocket ship. Its arc has been hot. Now Square has to keep the streak alive. Investors $0.12 in per-share profit and revenue of $367.9 million. We’ll see if Jack’s other project can avoid a 20 percent correction.
  • Tesla earnings on Thursday.聽This is the week’s real goat rodeo. Everyone in tech 补苍诲听finance will have their eyes glued to the Musk Show, which, after all, is either going to skyrocket and turn profitable this year () or . Either way, investors are just under $4 billion in revenue and a loss of around $2.81 per share.
  • Sonos IPO on Thursday.聽The venerable Sonos is hoping to get out while the market is welcoming. Not a bad idea. The hardware company’s debut will give us another quick check on the state of the IPO market that has welcomed the聽odd Bloom Energy offering and an聽awkward Domo flotation.聽(Catch up on our prior coverage here.)
  • The Arlo Technology offering. I am proud to report that SA国际传媒 News has so far produced a full 55 words on the matter. We’ll have a quick primer up when it prices, so don’t worry about being behind.

Of course, other companies will report their second-quarter results and news will crop up. But the above should give you a bit of a map to the end of the first month of the third quarter. Good luck!

From The聽:

Bitmain Technologies, the world鈥檚 largest cryptocurrency mining company, is reportedly considering an initial public offering in Hong Kong or an overseas market with U.S. dollar-denominated shares. Beijing-based聽聽is also said to be raising further cash at valuation around $14 billion.

Chip designer ARM Holdings has agreed to buy analytics provider聽for around $600 million, according to a Bloomberg story citing unnamed sources. Silicon Valley-based Treasure, founded in 2011, previously raised $54 million in venture funding.

Startups vie to disrupt homebuying

So far this year, investment in North American residential real estate startups has already surpassed totals for all of 2017. Leading the funding surge are Opendoor and other companies looking to shake up the way homes are bought and sold.

WeWork is just one of SoftBank鈥檚 real estate plays

Speaking of big real estate bets, take a look at SoftBank. The heavy-spending startup investor has been a repeat investor in WeWork and, most recently, its WeWork China subsidiary. SoftBank has other real estate and building companies in its portfolio too, indicating an sustained appetite for large deals in the space.

Viacom is acquiring聽, a media company targeting Generation Z, in a deal reportedly valued around $25 million. The purchase marks a steep drop in valuation for Los Angeles-based Awesomeness, which had been valued at $650 million in 2016.

Stay up to date with recent funding rounds, acquisitions, and more with the SA国际传媒 Daily.

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