Big tech’s earnings problem is estimates may be way too high

Quick Summary:

There’s little expectation that executives will be able to give estimates with any degree of confidence, given the high level of macroeconomic uncertainty.

Michael Shaoul, founder of the ION Macro Fund, said it will be difficult for executives to convince the market that they have a true view into financial performance in coming quarters.“I think the more experienced management aren’t even going to try,” he said.

Tesla reported its worst quarter in years, though traders cheered signs that chief executive Elon Musk intends to step away from his government work and focus more on the electric-vehicle maker.

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Article Details

Author / Journalist: Jeran Wittenstein, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Meta Amazon Apple Big Tech Microsoft Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-27 @ 15:01:32 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 873 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 219 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28231153

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