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:
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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