Investors will be watching shares of PayPal and Airbnb move in different directions as those and a slew of other companies report their quarterly earnings this Wednesday.
of $6.8 billion, up 9% year over year in the second quarter and a net loss of $341 million, or 29 cents per diluted share. Last year, the company recorded net income of $1.18 billion, or $1.00 per diluted share.Shares of the vacation rental company were more than 7% lower in premarket trading after the company issued a weaker-than-expected outlook that overshadowed otherwise strong results. The company reported revenue of $2.
: Another busy day coming up for earnings, with a big focus on health care. CVS Health, AmerisourceBergen, Moderna, and Regeneron Pharmaceuticals report ahead of the opening bell. Some big insurance companies will report in the afternoon, including Met Life and Allstate. Also watch for hotel and casino play MGM Resorts, online auctioneer Ebay, and household products maker Clorox to name a few.
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