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  • Writer's picturejustinlawrence137

BOO! Earnings Season is Scary

Have you been curious why the market has been so volatile lately?


Today, Amazon and Apple Reported earnings and here are the results:


Apple:

EPS $1.29 vs. $1.27 est.

Revenue. $90.15 billion vs. $88.90 billion estimated, up 8.1% year-over-year

iPhone revenue: $42.63 billion vs. $43.21 billion estimated, up 9.67% year-over-year

Mac revenue: $11.51 billion vs. $9.36 billion estimated, up 25.39% year-over-year

iPad revenue: $7.17 billion vs. $7.94 billion estimated, down 13.06% year-over-year

Other Products revenue: $9.65 billion vs. $9.17 billion estimated, up 9.85% year-over-year

Services revenue: $19.19 billion vs. $20.10 billion estimated, up 4.98% year-over-year

Gross margin: 42.3% vs. 42.1% estimated


Amazon:

Earnings: 28 cents per share

Revenue: $127.10 billion vs. $127.46 billion, according to Refinitiv estimates

Here’s how the other key Amazon segments did during the quarter:

Amazon Web Services: $20.5 billion vs. $21.1 billion expected, according to StreetAccount

Advertising: $9.55 billion vs. $9.48 billion expected, according to StreetAccount


Did you miss the earnings report live? Here is the replay:



Make sure you connect with us on discord and turn your post notifications on to receive updates about our livestreams: https://discord.gg/kwVQtmu


The stock market is dropping and now is the best time to start investing in the stock market! Watch me trade live in the stock market. My learn plan profit group gets to watch me trade live every day, get a feel of what they experience daily. -Ricky Gutierrez



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