This Week: Netflix earns, Delta results, new home sales

A look at some of the key business events and economic indicators upcoming this week:

LOCKDOWN BINGE BOOST?

Netflix serves up its latest quarterly results Tuesday.

Wall Street expects the video streaming giant will report higher earnings and revenue for the first quarter versus a year earlier. That would echo the company’s 2019 results. Large swaths of the economy have been disrupted by the shelter-in-place mandates due to the coronavirus, but Netflix and other streaming services have registered sharp increases in traffic from new and existing users stuck at home.

TURBULENT TIMES

Airlines have been among the hardest-hit industries as air travel ground to a near halt and broad parts of the economy shut down.

Investors will get a look at how the crisis has affected Delta Air Lines on Wednesday, when it reports results for the first quarter. Analysts forecast that Delta slid to a sharp loss and its revenue fell in the January-March quarter from a year earlier as governments restricted travel to stem the outbreak.

HOME SALES SLOW

New data is expected to show that the coronavirus put a major crimp on sales of newly built U.S. homes in March.

Economists project that sales slowed to a seasonally adjusted annual rate of 660,000 homes last month. That would be the second straight monthly drop since January, when the pace hit 800,000. The Commerce Department issues its March tally of new U.S. home sales Thursday.

New home sales, seasonally adjusted annual rate, by month:

Oct. 707,000

Nov. 700,000

Dec. 724,000

Jan. 800,000

Feb. 765,000

March (est.) 660,000

Source: FactSet