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发表于 2021-7-27 06:25 PM
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Shares of Apple (AAPL) and Microsoft (MSFT) fell in late trading even after both tech titans handily exceeded Wall Street's estimates in their latest earnings reports. Apple executives, however, said they expected a deceleration in top-line growth in the current quarter after a blowout April through June period, and that supply challenges would weigh on hardware like the iPhone. And investors appeared to home in on a slightly disappointing result from Microsoft's Azure cloud business, which decelerated over last quarter to 45% sales growth when excluding currency impacts.
The after-hours move higher in shares of Google's parent-company Alphabet (GOOGL), however, tracked the strong beat in quarterly sales and profits. A rebound in travel-related advertising spending and continued growth in YouTube ads helped power revenue, excluding traffic-acquisition costs, to $51 billion, for a surge of 61% over last year.
Earnings are set to continue on Wednesday, with major names including Boeing (BA), Pfizer (PFE) and McDonald's (MCD) posting results before market open, and Facebook (FB) and PayPal (PYPL) reporting after the close. |
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