Boeing, Facebook, Microsoft, Tesla report — What to know in markets Wednesday

Heidi Chung

The earnings extravaganza continues on Wednesday with reports from heavyweights Boeing (BA) before the opening bell and Facebook (FB), Microsoft (MSFT) and Tesla (TSLA) after the closing bell.

In the morning, investors will be focused on industrial giant Boeing. Boeing has been in the spotlight after two deadly crashes involving its 737 MAX aircraft rattled the company. Investors will be looking for any clues on software updates for the aircraft, as well as any additional information on the crashes. Due to the grounding of the Boeing 737 MAX as well as halted deliveries, commercial aircraft revenue is expected to fall 7.5% to $12 billion.

Despite the bad news for Boeing, shares of the Dow component are up more than 16% so far in 2019 and have been outperforming the broader market. Analysts polled by Bloomberg are expecting Boeing to report earnings of $3.25 per share on $22.90 billion per revenue.

Then after the market close, tech giants Facebook and Microsoft and electric car maker Tesla will release financial results.

Despite its lingering data privacy woes, Facebook has been able to quell investor concerns by posting better-than-anticipated earnings and strong user growth. Investors will be paying attention to whether of not the embattled social media giant was able to keep the momentum going.

Active users, a key metric for social media companies, will remain in focus. “in Q1:19, we are estimating [year-over-year monthly active user] growth of 9% to 2.39B,” analyst Mark Mahaney of RBC Capital Markets predicted. Growth within the Stories part of the business will also be critical.

Analysts are expecting Facebook to report earnings of $1.94 per share on $14.97 billion in revenue during the quarter.

Microsoft will also be reporting earnings after the market close on Wednesday. The stock has been on a tear, hitting record highs on Tuesday and jumping 24% in 2019. Microsoft is expected to report earnings of $1.00 per share on $29.86 billion in revenue.

Finally, Tesla will report after the bell. Despite stocks hitting record highs, Tesla has been sitting out of the rally. Shares have tumbled nearly 21% this year. CEO Elon Musk previously warned that Tesla wouldn’t be posting a profitable quarter. Tesla is expected to post an earnings loss of $1.30 per share on $4.84 billion in revenue.

Other notable earnings reports scheduled for Wednesday include Anthem (ANTM), AT&T (T), Biogen (BIIB), Caterpillar (CAT), Domino’s (DPZ), Norfolk Southern (NSC), Northrop Grumman (NOC), Novartis (NVS) before market close. Boston Beer (SAM), Chipotle (CMG), O’Reilly Auto (ORLY), PayPal (PYPL) and Visa (V) after market close.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

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