Earnings preview: German automakers in focus
This week's earnings reports will bring the German automotive industry into the limelight as some of the country's biggest carmakers release their financial results for the fourth quarter of fiscal 2024.
The first on the agenda is Volkswagen Group, which will release its earnings report on Wednesday, while on Friday, investors will be anticipating reports from Daimler Truck AG and Bayerische Motoren Werke AG (BMW). Germany's biotechnology firm BioNTech SE is also expected to release its report later today.
The United States tech companies are also set to release their financial results this week, with the Oracle Corporation publishing its report later today, which analysts estimate will reveal a revenue of around $14.4 billion for the third quarter of fiscal 2025. Adobe Inc. is set to release its earnings report on Wednesday, with analysts projecting a revenue of about $5.6 billion for the first quarter of fiscal 2025.
Meanwhile, in Asia, the Taiwanese electronics company Foxconn is expected to release its financial results for the fourth quarter of fiscal 2024 on Friday.