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Wall Street Looks Ahead for Earnings From Credit Suisse, CBS & Key Economic Data

July 30, 2023
in Trade Tube
Reading Time: 1 min read
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For Thursday, February 12th, Wall Street will be watching for more earnings and key economic data. Investment bank Credit Suisse (CS), Kellogg Company (K) and Avon Products (AVP) will report financial results before the opening bell. At the close, CBS Corporation (CBS) and Columbia Sportswear Company (COLM) report results, along with American International Group (AIG). Analysts expect earnings per share of $1.05 on revenue of $9.4 billion for the insurance giant. Plus, the monthly retail sales numbers for January will be released at 8:30am eastern by the Census Bureau. Analysts expect a 0.5% drop in sales during the month. This is a key economic indicator that helps gauge consumer spending, which accounts for two-thirds of gross domestic product. Also at 8:30, the weekly jobless claims numbers are released, followed by business inventories at 10am and the EIA Natural Gas Report at 10:30. TheStreet’s Scott Gamm reports from New York.

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