Five of the biggest names in tech are set to release their Q3 earnings reports. Here are the highlights on Amazon, Alphabet, Intel, Twitter and Microsoft.
Company: Microsoft Corporation
Earnings report date: 24 October 2018
The Corporation will be the first of the list to report earnings. It’s expected to release the quarterly earnings on Wednesday, after market close. The consensus EPS forecast for the quarter is $0.96. The reported EPS for the same quarter last year was $0.84.
Microsoft began offering hardware back in 2012 and has been continuously expanding its Surface product line. The portfolio currently includes the Surface Book, Surface Laptop and Surface Pro, as well as the Surface Studio.
The company shipped out 602,000 PCs in the US during the quarter, giving it a 4.1% market share. Considering that they’re a relatively new player in the segment, this is nothing short of an achievement.
The cloud computing division holds equal promise. Microsoft jumped to second place and is gaining on the leader. It has reported solid results over the past several quarters, which helped the tech titan’s stock gain an impressive 27% so far this year.
In the last quarter, Microsoft reported revenue of $30.1 billion. That equates to a 17% year-on-year increase. A figure that exceeded both the high end of the company's guidance and analysts' best estimates.
Company: Amazon.com, Inc.
Earnings report date: 25 October 2018
is expected to report earnings on Thursday, after market close. The consensus EPS forecast for the quarter is $3.29. The reported EPS for the same quarter last year was $0.52.
The e-commerce behemoth set to bring in around $234 billion in revenue this year. That would make it the fifth largest US company by revenue.
The company’s trillion-dollar valuation was widely reported earlier this year. Since then, Jeff Bezos has shown no sign of slowing down. In an effort to further expand, Amazon’s top European brass visited Israel to discuss delivery solutions of a Hebrew e-commerce website.
The business is studying ways to streamline Israeli shipments using both its European distribution network and an Israel-based logistics company.
Amazon’s business-to-business (B2B) commerce platform, known as Amazon Business, has become one of its fastest growing segments. Amazon reported that its B2B commerce platform has reached $10 billion in annual sales.
Company: Twitter Inc.