The Cupertino company recorded revenues of 117.15 billion dollars, below the expectations of analysts who bet on 121.14 billion. Amazon and Alphabet, the holding company owned by Google, also lost in after-hours trading
Apple closed the first quarter of the fiscal year with revenues down to 117.15 billion dollars, below the expectations of analysts who bet on 121.14 billion. Earnings fell to $29.99 billion, or $1.88 a share, below analysts’ expectations. Apple shares fall on Wall Street, where they come to lose 4.36%. And the numbers are also negative for Amazon and Google, which lose 5 and 3% respectively on the stock market.
For Amazon, revenues above expectations but profits fall: -5% on Wall Street
Amazon ended the fourth quarter with revenue up 9% to $149.2 billion, above analyst expectations. However, net income fell to 0.3 billion compared to 14.3 billion in the same period last year. 2022 closed with a loss of 2.7 billion compared to a profit of 33.4 billion in 2021. Amazon estimates revenues between 121 and 126 billion for the first quarter. The results weigh on Amazon on Wall Street, where in after-hours trading it manages to lose 5% after an initial rise of 3%.
For Google 76.05 billion quarterly revenues: -3% on Wall Street
Finally, Alphabet, the holding company headed by Google, closed the fourth quarter with revenues of 76.05 billion dollars, below the expectations of analysts, who were betting on 76.15 billion. Earnings per share was $1.05. Alphabet shares fall after the quarterly on Wall Street, where they come to lose 3%.
Source-tg24.sky.it