US corporations prepare for major week of earnings reports

A significant number of large US companies are scheduled to report quarterly earnings during the week of October 26. According to Finnhub, 28 major corporations are due to release results, including technology and telecommunications leaders.

Verizon Communications is set to report first, with analysts expecting revenue growth of 2.8% year-on-year. Other major scheduled reports include Alphabet, Microsoft, and Amazon.com. The upcoming lineup also features Boeing, Coca-Cola, PayPal Holdings, Visa, and Ford Motor.

In the asset management sector, Invesco is also preparing to report. Market expectations for Invesco suggest a projected revenue growth of 16.5% year-on-year, a notable increase compared to the 7.4% growth recorded in the same quarter last year.