Analysts Estimate Coupa Software. (COUP) to Report a Decline in Earnings: What to Look Out for

Coupa Software. (COUP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2020. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.04 per share in its upcoming report,

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Apple Shares Decline After iPhone Sales Miss, China Drops 29%

(Bloomberg) — Apple Inc. shares fell as much as 5.6% Friday after the company reported iPhone sales that missed Wall Street estimates and said revenue in China slumped.

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The company gave no forecast for the key holiday quarter, disappointing some analysts who were hoping for guidance. However, Chief Executive Officer Tim Cook said the new iPhone 12 line has been well received. Sales of Macs and Services also reached all-time highs in the fiscal fourth quarter.

The Cupertino, California-based technology giant on Thursday said sales in the three months ending Sept. 26 came in at $64.7 billion. That beat analysts’ estimates of $63.5 billion, according to data compiled by Bloomberg. Earnings were 73 cents a share, also topping Wall Street expectations.

Sales of the iPhone fell 21% on anticipation of the new models, which arrived later than usual this year. Cook said the response to the 5G iPhone

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Samsung Electronics sees profit decline on weaker chip demand after strong third-quarter earnings

SEOUL (Reuters) – Samsung Electronics Co Ltd 005930.KS said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two years for the third quarter.

FILE PHOTO: A woman wearing a protective face mask uses her mobile phone as she walks past a Samsung brand store in central Kyiv, Ukraine July 9, 2020. REUTERS/Valentyn Ogirenko/File Photo

The world’s top maker of smartphones and memory chips posted a 59% jump in operating profit in the July-September quarter, on the back of its second-largest quarterly smartphone profit ever at 4.45 trillion won, the company said.

A near 50% jump in sales of smartphones likely reflects gains in Samsung’s share of the market as U.S. restrictions hit Chinese rival Huawei Technologies Co Ltd [HWT.UL], analysts said.

Lower marketing costs amid the coronavirus pandemic were also a likely factor, analysts said.

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Coronavirus Pandemic Fuels Global Decline in Internet Freedom | Best Countries

Amid the COVID-19 pandemic that has forced lockdowns and limited access to workspaces, schools and public venues, internet access is more important than ever before. But according to a recent report from Freedom House, not all access is equal around the world, and it’s trending downward.

Globally, internet freedom saw its 10th consecutive year of decline, according to the annual report, which evaluated internet freedom in 65 countries. While 23 countries registered net gains in internet freedom, 26 countries saw worse scores than last year.

“The coronavirus pandemic is accelerating a dramatic decline in global internet freedom,” according to the authors of the report. “For the 10th consecutive year, users have experienced an overall deterioration in their rights, and the phenomenon is contributing to a broader crisis for democracy worldwide.”

Iceland maintained the highest score in internet freedom, while the United States ranked seventh, Estonia, Canada, Germany, the United Kingdom

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