Just the bare facts. And on the bare facts of earnings from Alphabet, Amazon, Microsoft, and Intel it’s hard to see the market doing anything but climbing tomorrow.
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Alphabet (GOOG) beats by $1.17 a share on earnings. Revenue climbed 23.7% yer over year to $27.77 billion vs. the $27.17 billion Wall Street consensus. Aggregate paid clicks rose 47% yer over year and 6% sequentially. Operating margin improved to 28% vs 26% in the September quarter of 2016. Shares were up 4.36% in after-hours trading.
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Amazon (AMZN) beats by 53 cents a share on earnings. Revenue climbed 33.&% year over year to $43.74 billion vs the $42.26 billion Wall Street projection. (Excluding net sales from the recent acquisition of Whole Foods and the $124 million gain from foreign exchange rates, net sales rose 29% from the third quarter of 2016.) Operaing income fell 40% to $347 million. For the fourth quarter Amazon issued in-line guidance. Shares of Amazon were up 8.33% in after-hours trading.
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Microsoft (MSFT) beat by 12 cents a share on earnings. Revenue increased by 11.7% year over year to $24.5 billion vs the $23.57 billion projection. Revenue from the company’s Intelligent Cloud business grew by 14% to $6.9 billion. Revenue in the Productivity and Business Processes unit was up 28%. Search advertising revenue increased by 15%, excluding traffic acquisition costs. Shares of Microsoft were up 2.5% in after-hours trading.
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Intel (INTC) beat by 14 cents on earnings. Revenue grew 2.4% year over year to $16.5 billion vs the $15.73 Wall Street consensus. The company issued in-line guidance of the fourth quarter of 81 cents to 91 cents in earnings (vs consensus projection of 83 cents a share) and $15.8 billion to $16.8 billion in revenue (vs estimates of $16.11 billion.) Intel shares were up 0.36% Â in after-hours trading.
