Amazon and Alphabet both outpaced analysts’ expectations, with Amazon reporting US$12.37 earnings per share (EPS) when analysts anticipated US$7.41, according to CNBC, and Alphabet outperforming on the same metric by more than US$5.00 per share. Facebook also outperformed on revenue and EPS. Twitter, meanwhile, fell short of expectations on user growth, despite strong growth on other metrics. (The Wall Street Journal, CNBC)
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Amazon and Alphabet both outpaced analysts’ expectations, with Amazon reporting US$12.37 earnings per share (EPS) when analysts anticipated US$7.41, according to CNBC, and Alphabet outperforming on the same metric by more than US$5.00 per share. Facebook also outperformed on revenue and EPS. Twitter, meanwhile, fell short of expectations on user growth, despite strong growth on other metrics. (The Wall Street Journal, CNBC)
Talking point: Tech stocks have buoyed markets during a turbulent year, and all five companies’ shares climbed Thursday ahead of their earnings releases. Amazon’s shares have since fallen in after-hours trading. The onslaught of conference calls discussing the results begins with Alphabet at 4:30 p.m., Twitter and Apple at 5 p.m., Amazon at 5:30 p.m. and Facebook at 6 p.m., all in Eastern Time.
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