According to its Q1 earnings report which came out earlier today, Royal Dutch Shell earned $3.2 billion during its first quarter this year, versus analyst estimates of $3.1 billion. This performance was mostly due to the recovery in global Oil and gas markets.
Alphabet and Microsoft reported quarterly earnings yesterday, with both companies posting sales and profit figures which easily surpassed expectations. Google saw a steep recovery in its advertising business and Microsoft surged ahead based on cloud and PC sales.
UBS, the Swiss investment bank, reported double-digit growth in year-over-year Q1 net income when it reported earnings yesterday, despite a $774 million loss triggered by the Archegos hedge fund default in March.
This is one of the most anticipated earnings weeks for Q1 2021, with several major tech companies scheduled to report. Some of the more notable names that the market is waiting for include Tesla, Microsoft, Alphabet, Facebook, Amazon and Apple. What lies in store for these tech giants?
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