On this special, short earnings edition of the Zacks Friday Finish Line podcast, Editor Maddy Johnson and Content Writer Ryan McQueeney take on the hottest tech earnings of the week.
The hosts started off the episode with a breakdown of e-commerce giant Amazon.com Inc.’s (AMZN) third quarter earnings results. The company beat top line estimates but swung to a miss on the bottom line, marking the company's second miss in the last four quarters, despite Q3 sales rising 29%. One of Amazon’s most notable earnings aspect was the latest data from Amazon Web Services, which grew 55%.
Read more here: Amazon (AMZN) Q3 Earnings In-Depth: AWS Grows 55%
Maddy and Ryan moved on to Alphabet’s third quarter earnings. Google’s parent company beat estimates for both the top and bottom lines. Some of the most anticipated stats analysts look for in Alphabet’s earnings release include ad clicks, which grew by 33%, as well as Google segment revenues, which hit $22 billion for the quarter.
Check out more for that story here: Alphabet (GOOGL) Q3 Earnings: Ad Clicks Grow By 33% and Alphabet (GOOGL) Q3 Earnings: Google Revenues at $22 Billion
Next, the hosts discussed iPhone maker Apple Inc.’s fourth quarter earnings results. While the company’s top and bottom lines beat expectations, both figures fell significantly from the prior year’s numbers, down 9.9% and 15%, respectively. This marked the third consecutive quarter in which both income and revenue were down year-over-year.
Click here for more: Apple (AAPL) Tops Q4 Earnings and Revenue Estimates
Maddy and Ryan then talked about electric car maker Tesla Motor’s (TSLA) third quarter results. The company its first profit in three years, with earnings of 15 cents per share (accounting for non-stock based compensation and BNRI). Revenues also beat expectations, growing 145% year-over-year.
For more on Tesla’s earnings, check out: Tesla Posts Huge Q3 Profit, Investors Rejoice: Stock Spikes 6%
The hosts wrapped up with Twitter Inc.’s (TWTR) third quarter financial results, and the struggling social networking company incurred a narrower-than-expected loss of 10 cents a share, beating expectations. Revenues also came in above estimates, while Twitter’s users grew to 317 million MAUs, up 1.3% sequentially.
Check out that full story here: Twitter (TWTR) Incurs Narrower than Expected Loss in Q3
Thanks for checking out this special edition of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
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