00:00 Speaker A
Looking ahead next week, it’s a packed calendar of earnings reports. We’re watching GameStop, Oracle, and Adobe. Going to start with GameStop here, set to release its first quarter earnings after market hours on Tuesday. Analysts expecting a decrease in revenues, estimating a 16% decrease from the prior year. The video game retailer is undergoing a change to focus on e-commerce, but industry shifts and digital disruptions could spell caution for investors. Next up, Oracle, which announces its fourth quarter earnings after market hours on Wednesday. Tech company’s estimated to report 15.58 billion dollars in revenue, driven primarily by their emphasis on AI and cloud platforms. After its positive third quarter earnings, Oracle’s performance for fiscal 25 looks strong, and next Wednesday will be the test. And finally, Adobe, sharing Q2 earnings on Thursday, also after market hours. Analysts expecting consensus to be met for the company in the second quarter with revenue estimated at 5.18 billion dollars. Previously, quarterly earnings for the company causing share prices to drop in the day following, driven by disappointment in earnings.
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