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Wednesday, August 3, 2016
What to Watch Thursday: LinkedIn Earnings, Weekly Jobless Claims
On Thursday, August 4, LinkedIn (LNKD) reports quarterly results and weekly jobless claims are released. Analysts expect the social networking company to post earnings of $0.78 a share on sales of $898.08 million. During the same quarter a year ago, LinkedIn reported earnings of $0.55 a share with revenue of $711.7 million. Investors await updates on the company's pending merger with Microsoft (MSFT) . Other notable earnings slated to be unveiled Thursday include The Kraft-Heinz Company (KHC) , Viacom (VIA) and Zillow (Z) . On the economic calendar, jobless claims for the week of July 30 are released. Analysts expect claims to fall by 1,000 to 265,000. Plus, the Bank of England wraps up its August policy meeting on Thursday. Analysts expect a 25 basis point cut to benchmark interest rates, amid fallout from the June 23 Brexit vote. TheStreet's Scott Gamm reports from Wall Street.
Source: https://www.thestreet.com/video/13663764/what-to-watch-thursday-linkedin-earnings-weekly-jobless-claims.html
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