The Week Ahead: Earnings From Salesforce, Retailers, and More
The earnings reports keep rolling in.
This week we will be watching as Salesforce.com (CRM) reports earnings on Thursday after market close. The customer relationship management firm recently finalized its acquisition of Tableau, a data visualization company, in a $15.7 billion deal. Salesforce also announced the acquisition of ClickSoftware, a field service software company, hoping to increase growth on Service Cloud.
Following a disappointing earnings report from Macy’s (M), we are looking at fellow department stores Kohl’s (KSS) and Nordstrom (JWN) posting on Tuesday and Wednesday, respectively. Macy’s cited a decline in international tourism and competition from e-commerce for the poor report. Both reported dismal first-quarter earnings and have been focusing on technology advancement to boost e-commerce business.
One of the largest medical technology companies, Medtronic (MDT), will also announce earnings on Tuesday after completing its acquisition of Titan Spine, a surface technology company that creates interbody fusion devices.
Existing home sales will be released Wednesday following new home sales on Friday. Crude oil and natural gas inventories will be released as well.
Hannah Pelfresne does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.