A look at some of the key business events and economic indicators coming this week:
Netflix presents its fourth-quarter results on Tuesday.
Financial analysts predict that the video streaming pioneer will report that its earnings and revenue increased in the last quarter of 2019. Investors will listen for an update on Netflix’s subscriber numbers as it faces a wave of competition from Disney, Apple and other new streaming services .
EYE ON HOUSING
Economists estimate that sales of previously occupied U.S. homes rose in December from a month earlier.
The National Association of Realtors is expected to report Wednesday that sales accelerated to a seasonally adjusted annual rate of $ 5.43 million last month. That would represent a recovery, after sales slowed in November, dampened by rising prices and a shortage of homes on the market.
Existing home sales in millions, seasonally adjusted annual installment:
Sept. 5, 36
Dec. (estimated) 5.43
Wall Street expects Southwest Airlines’ latest quarterly report to show mixed results.
Analysts predict that the company’s earnings fell in the last three months of 2019 from a year earlier, even as revenue rose higher. Strong travel demand and rising ticket prices have helped drive revenue for Southwest, but the company’s bottom line has been hit by costs related to the grounding of its Boeing 737 Max jets.