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Highlights from Apple's Q4 2024 #earnings report: Revenue Growth: #Apple reported a 6% year-over-year increase in revenue, reaching $94.9 billion, setting a new September quarter revenue record. Earnings Per Share (EPS): EPS of $1.64, excluding a one-time charge, surpassing estimates of $1.48. Gross Margin: Improved to 46.2% from 45.2% last year. New Product Launches: Successful launch of the iPhone 16, Apple Watch Series 10, AirPods 4, and new features for Apple Intelligence. Operating Cash Flow: Nearly $27 billion, allowing Apple to return over $29 billion to shareholders. Active Installed Base: Reached a new all-time high across all products and geographic segments. Net Income: Reported $14.7 billion, or $0.97 per diluted share, significantly below estimates of $22.49 billion due to a one-time charge of $10.2 billion related to tax issues in the European Union.

Amazon's Q3 2024 earnings highlights: Revenue: $158.9 billion, up 11% year-over-year, above forecast. Earnings Per Share (EPS): $1.43, surpassing Wall Street estimates of $1.14. Advertising Sales: Increased by 19% to $14.3 billion. AWS Sales: Rose 19% to $27.5 billion. Operating Income: $17.4 billion, up from $11.2 billion in Q3 2023. Net Income: $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in Q3 2023. Operating Cash Flow: Increased 57% to $112.7 billion for the trailing twelve months. Free Cash Flow: $47.7 billion for the trailing twelve months, up from $21.4 billion. Amazon's CEO Andy Jassy highlighted the success of Prime Big Deal Days and the launch of a new Kindle lineup, with more exciting plans for the holiday season.

Highlights of PCE for September 2024: Core PCE (Month-over-Month): Increased 0.3% Core PCE (Year-over-Year): Increased 2.7% PCE Index (Month-over-Month): Increased 0.2% PCE Index (Year-over-Year): Increased 2.1% (a fresh low in 3 years) Personal Spending: Increased $105.8 billion (0.5%) Personal Income: Increased $71.6 billion (0.3%) These figures reflect a steady growth in personal consumption expenditures and income for September 2024. The PCE inflation rate moving closer to the Fed's 2% target suggests the possibility of a rate cut in the near future. This could help stimulate economic growth by making borrowing cheaper. Read the full PCE report here👇  https://lnkd.in/dEEe5rnM

Meta Q3 2024 Earnings: Total Revenue: $40.59 billion (Above estimates of $40.27 billion), a 19% increase year-over-year. Net Income: $15.69 billion (Above estimates of $13.58 billion), up 35% from the previous year. Earnings Per Share (EPS): $6.03 (Above estimates of $5.21), a 37% increase. Operating Margin: Improved to 43% from 40% last year (Above estimates of 42%). Advertising Revenue: Significant boost, contributing to overall revenue growth. AI Progress: Strong momentum with Meta AI and Llama adoption. Effective Tax Rate: Decreased to 12% from 17%. Positive Points: Strong Revenue Growth: Meta reported a 19% increase in revenue, reaching $40.6 billion. User Engagement: Over 3.2 billion people use Meta's apps daily, with Meta AI having over 500 million monthly active users. AI Initiatives: Significant progress with Meta AI and Llama adoption, with over 1 million advertisers using Generative AI tools. Cash Position: Meta ended the quarter with $70.9 billion in cash and marketable securities. Negative Points: Reality Labs Losses: Reality Labs reported a $4.4 billion operating loss. Regulatory Challenges: Meta faces regulatory headwinds in the EU and the US, which could impact its business. Capital Expenditures: Significant capital expenditure growth expected in 2025, which may impact financial flexibility. Budgeting Uncertainties: Meta is still working through its budgeting process for 2025, indicating potential uncertainties. Read more about this earning here 👇 https://lnkd.in/dAxEAr3Q

Microsoft Q1 2025 Earnings: Total Revenue: $65.6 billion, a 16% year-over-year increase, Above estimates. Earnings Per Share (EPS): $3.30, Above estimates. Cloud Services: Azure and other cloud services: 33% revenue increase Server products and cloud services: 23% revenue growth overall Productivity and Business Processes: Revenue: $28.32 billion, a 12% increase from the previous year Net Income: $24.67 billion, up from $22.29 billion in the year-ago quarter Capital Expenditures: $19 billion, primarily for AI and cloud infrastructure Stock Performance: Drops by about 3% in extended trading after the earnings report. Positive Points: Strong Cloud Growth: Microsoft Cloud revenue reached $38.9 billion, a 22% increase YoY. Azure and other cloud services saw a 33% revenue increase. AI Business: The AI business is on track to surpass an annual revenue run rate of $10 billion next quarter, making it the fastest-growing business in Microsoft's history. Productivity and Business Processes: Revenue in this segment was $28.3 billion, up 12% YoY. Microsoft 365 Commercial products and cloud services revenue increased by 13%. Gaming Revenue: Xbox content and services revenue increased by 61%, driven by the impact of the Activision acquisition. Negative Points: Operating Expenses: Operating expenses increased by 12%, partly due to the Activision acquisition, impacting overall profitability. Free Cash Flow: Free cash flow decreased by 7% YoY, reflecting higher capital expenditures to support cloud and AI offerings. Supply Constraints: Supply constraints, particularly in AI infrastructure, are impacting Azure's ability to meet demand, leading to potential growth deceleration. Gaming Hardware Sales: Xbox hardware sales declined by 29%, with only an estimated 1.3 million units shipped over the quarter. Read more about this earning here 👇 https://lnkd.in/d5qfjqTV

Today's #Earnings recap: #Google net income increased by 34% #visa 13% growth in cross-border transactions $AMD gaming segment revenue down $PYPL expects low single-digit growth in Q4 revenues #McDonalds global comparable sales decreased by 15% #Pfizer #stocks #EarningsReport

Alphabet Q3 2024 Earnings Report Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its Q3 2024 financial results, showing significant growth across its business segments. The company reported consolidated revenues of $88.3 billion, up 15% year-over-year (16% in constant currency), reflecting strong momentum. Key Financial Highlights: Google Services Revenue: Increased by 13% to $76.5 billion, driven by robust performance in Google Search & other, Google subscriptions, platforms, devices, and YouTube ads. Google Cloud Revenue: Surged by 35% to $11.4 billion, fueled by accelerated growth in Google Cloud Platform (GCP) across AI Infrastructure, Generative AI Solutions, and core GCP products. Operating Income: Total operating income increased by 34% to $28.5 billion, with the operating margin expanding by 4.5 percentage points to 32%. Net Income and EPS: Net income increased by 34% to $26.3 billion, with EPS rising 37% to $2.12. CEO's Statement: Sundar Pichai, CEO, highlighted the extraordinary momentum across the company, emphasizing the impact of innovation and AI investments on consumer and partner benefits. Pichai pointed out the expansion of new AI features in Search, driving deeper product adoption in Cloud, and the milestone achievement of YouTube's total ads and subscription revenues surpassing $50 billion over the past four quarters. Alphabet's Q3 2024 results reflect robust revenue growth, significant improvements in operational efficiency, and a strong focus on AI-driven innovation. These impressive numbers indicate the company's continued leadership in both digital advertising and cloud computing.

AMD Q3 2024 Earnings Report AMD (NASDAQ: AMD) reported financial results for Q3 2024, with record revenue of $6.8 billion, up 18% year-over-year. The company's performance was driven by higher sales of EPYC and Instinct data center products, as well as robust demand for Ryzen PC processors. Key Financial Highlights: Gross Margin: 50% (GAAP) and 54% (non-GAAP) Operating Income: $724 million (GAAP) and $1.7 billion (non-GAAP) Net Income: $771 million (GAAP) and $1.5 billion (non-GAAP) Diluted Earnings Per Share: $0.47 (GAAP) and $0.92 (non-GAAP) Segment Performance: Data Center Segment: Revenue of $3.5 billion, up 122% year-over-year and 25% sequentially, primarily driven by AMD Instinct GPU shipments and EPYC CPU sales. Client Segment: Revenue of $1.9 billion, up 29% year-over-year and 26% sequentially, driven by strong demand for Ryzen processors. Gaming Segment: Revenue of $462 million, down 69% year-over-year and 29% sequentially, due to a decrease in semi-custom revenue. Embedded Segment: Revenue of $927 million, down 25% year-over-year but up 8% sequentially as demand improved in several end markets. CEO's Statement: Dr. Lisa Su, AMD Chair and CEO, highlighted the company's record revenue and significant growth opportunities across data center, client, and embedded businesses. She emphasized the insatiable demand for more compute power. Future Outlook: AMD expects Q4 2024 revenue to be approximately $7.5 billion, representing year-over-year growth of approximately 22% and sequential growth of approximately 10% Market Performance: The price declined 7% after earnings were released.

PayPal Q3 2024 Earnings Report PayPal Holdings, Inc. (NASDAQ: PYPL) reported its Q3 2024 earnings, showing robust growth and strong financial performance. The company's net revenues increased by 6% to $7.8 billion, slightly below analyst expectations of $7.88 billion. However, PayPal exceeded earnings per share (EPS) expectations with a non-GAAP EPS of $1.20, compared to the forecasted $1.07. Positive Points: EPS Beat: Adjusted EPS increased by 22% to $1.20, surpassing expectations. Transaction Margin Growth: Up 8% to $3.7 billion, highlighting strong operational performance. Active Accounts: Slight increase to 432 million, indicating steady user growth. Cash Flow: Strong free cash flow of $1.4 billion, up 31%. Strategic Initiatives: Continued investments in checkout optimization and ecosystem partnerships. Negative Points: Revenue Miss: Net revenues increased by 6% to $7.8 billion but were slightly below analyst expectations. Moderate Account Growth: Active accounts increased by just 0.9%, showing slower growth.

Tesla's stock saw a significant jump of 12% in after-hours trading following the Q3 earnings report the company's profit margin of 19.8% for the July-September period exceeded analysts' estimates of 17.3% However, Tesla's revenue for Q3 was $25.18 billion, slightly below the estimates of $25.37 billion Tesla's non-GAAP earnings per share (EPS) for Q3 2024 was $0.72, which exceeded analysts' expectations of $0.60 Tesla increased AI training compute by over 75% in Q3 Also, Cybertruck became the third best-selling EV in Q3 in the U.S. (behind only Model Y and Model 3) (edited) Read Tesla Q3 earnings report here https://lnkd.in/d6CqddmD