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Apple, Amazon, Twitter: Earnings Spotlight
By Syfe  •  April 29, 2022
Major tech companies such as Apple, Amazon, Microsoft, Meta, and Alphabet reported earnings this week. Although results were mixed, the sentiment for tech shares was positive. The tech sector led US stocks to finish sharply higher on Thursday. Overall, first-quarter earnings have been upbeat. 81% of the S&P 500 companies that have reported results so far beat Wall Street expectations. Data from Refinitiv shows that typically only 66% of companies beat estimates.  Here are the week’s top stock headlines. Apple’s strong quarter  Apple reported its Q2 2022 earnings after market close yesterday. Revenue grew nearly 9% year over year for the quarter, a sign that demand for their iPhones and Mac computers remains strong despite challenging macroeconomic factors. Notably, Apple’s services business, which includes App Store, Apple TV+, Apple Music, and cloud services, saw a 17% surge in revenue year over year. Apple TV+ recently became the first streaming...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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