Crypto

Apple and Amazon shares surged on earnings – Intel shares tumbled in dismal quarter -by Ecork

Apple, Amazon and Intel – Talking Points

  • Apple beats the top and bottom lines, stocks soar
  • Amazon beats revenue estimates, shares jump 12%
  • Intel shares fell in the disappointing quarter. last drop 11%

After a strong stock session, Apple and Amazon boosted bullish sentiment in the post-session session after providing strong quarterly results and upbeat guidance. After this morning’s GDP reading, markets are up as traders brace for the results of these heavyweight names. Recession fears and slowing economic activity have pushed Treasury yields up from cycle highs allowing risk to flourish of late. With yesterday’s FOMC rate hike bringing the Fed into its “neutral” range, markets were rushed to the least aggressive Fed pricing of the months Before. And while growth concerns will remain, a solid period of corporate earnings may allow some of the recent bullish momentum to continue.

Amazon

Amazon Q2 earnings 22:

Revenue: $121.2 billion (estimated $119.53 billion)

Earnings per share: – $0.20 (Approx. $0.14)

Amazon shares jumped as much as 12% after the closing bell as the retail giant beat top-line estimates and provided upbeat guidance. Despite dealing with higher costs, innovation and investments in robotic technologies in Amazon warehouses have allowed the company to make significant progress in controlling costs. The company announced a $3.9 billion loss on its investment in EV startup Rivian. Amazon Web Services (AWS) and ad revenue both beat Wall Street estimates, which compare to disappointing ad revenue numbers from tech peers like Facebook and Alphabet.

Amazon 1 Hour Planner

Chart created with TradingView

apple

apple s3 22 earnings:

Revenue: $82.96 billion (about $82.81 billion)

– EPS: $1.20 (est $1.16)

Apple shares rose slightly after the closing bell as the company reported outperforming both upper and lower bounds estimates. While the company offered no guidance, CEO Tim Cook revealed that he believes revenue will accelerate in the next quarter despite “some soft pockets.” While growth slowed, management remained optimistic given the “challenging operating environment”. Recession fears have forced tech and chip companies to pull back estimates for smart device sales. iPhone sales exceeded expectations, reaching $40.67 billion. Mac sales suffered this quarter, with Tim Cook citing a strong US dollar and supply constraints due to poor performance.

Apple Watch Chart

Apple and Amazon shares surged on earnings - Intel shares tumbled in dismal quarter

Chart created with TradingView

Intel Corporation

Intel Corporation Q2 22 Earnings:

Revenue: $15.32 billion (about $17.95 billion)

Earnings per share: $0.29 (estimate $0.69)

Unlike its tech peers, Intel shares tumbled as the company reported an unprofitable quarter while also slashing guidance. Shares fell as much as 11% as both revenue and profit came in shy of Wall Street estimates, with CEO Pat Gelsinger saying the results “below the standards we set for the company and our shareholders.” Management offered full-year guidance that was also shy of estimates, with the company now forecasting a full-year EPS of $2.30 versus an expected $3.60. While companies continued to perform well, small and medium-sized companies slowed orders for Intel products, David Zinsner reported.

intel chart 1 hour

Apple and Amazon shares surged on earnings - Intel shares tumbled in dismal quarter

Chart created with TradingView

Resources for forex traders

Whether you are a new or an experienced trader, we have many resources available to help you; tracking indicator Trader moralemy quarter Trading forecastAnalytical and educational Webinars held daily, Trading guides To help you improve trading performance, and one specifically for those who are New to forex.

— written by Brendan Fagan

To connect BrendanUse the comments section below or Tweet embed on Twitter

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button