This week: Netflix makes money, sells US homes, and Southwest makes money

Here’s a look at some of the key business events and economic indicators this week:

Streaming war

Netflix served its fourth-quarter results on Tuesday.

Financial analysts predict that Video Streaming Pioneer will report that its revenue and revenue have increased in the final quarter of 2019. Investors will listen for an update on Netflix’s subscriber base as it faces a wave of competition from Disney, Apple and other newcomers to the streaming service.

Eyes on housing

Economists project that sales of previously occupied U.S. homes rose in December compared to a month earlier.

The National Association of Realtors is expected to report on Wednesday that sales accelerated to a seasonally consistent annual rate of 5.43 million last month. After sales slowed in November, this would represent a comeback due to rising prices and a shortage of homes in the market.

Existing home sales, millions, seasonally consistent annual rate:

July 5.42

5.50 August

5.36 September

5.44 October

November 5.35

December (estimated) 5.43

Source: Factset

Mixed results?

Wall Street expects Southwest Airlines’ latest quarterly report card to show mixed results.

Analysts predict that the company’s revenue will decline in the last three months of 2019 from a year earlier, despite higher revenue. Strong travel demand and rising ticket prices have helped drive revenue for the Southwest, but the company’s bottom line has taken a hit from the grounding costs of its Boeing 737 Max jets.

The Associated Press

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