The Big 4 tech companies “” Amazon, Apple, Facebook, and Google “” blew past Wall Street estimates in their latest-quarter earnings reports
- Date: 30-Oct-2020
- Source: Business Insider
- Sector:Financial Markets
- Country:GCC
The Big 4 tech companies “” Amazon, Apple, Facebook, and Google “” blew past Wall Street estimates in their latest-quarter earnings reports
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AP Photo/Charles Krupa/Karl Mondon/Digital First/Yves Herman/Reuters/Chip Somodevilla/Getty Images
Apple, Alphabet, Amazon, and Facebook all reported their third-quarter earnings on Thursday.
These four, along with Microsoft, are the five most-valuable publicly traded companies on the S&P 500.
The companies exceeded Wall Street estimates, maintaining strong momentum that boosted revenues in the previous quarter as online business booms amid the COVID-19 pandemic.
Google and Amazon crushed expectations, while Facebook and Apple squeezed by with earnings just slightly higher than Wall Street predicted.
The earnings were reported as the tech companies are