Highlights of the fourth quarter earnings season: Amazon and Alphabet
Based on IBES data, earnings for the S&P 500 in Q22 are expected to be 447.1 billion dollars (down 2.2% from the same period last year, down 3.6% from the previous quarter) and revenue of 3.69.7 billion dollars (up 4.1% from the same period, down 0.7% from the previous quarter). Facing a tough macro environment, there is a possibility that this year's earnings season will end disappointing, but that hurdle may be low. In other words, there is a possibility that it will be easier for S&P 500 star companies to surpass lowered expectations if the year continues.
Leading companies such as Apple, Alphabet, and Amazon have just announced their latest financial results. In Apple's case, quarterly revenue fell 5% from the same period last year to 117.2 billion dollars, and quarterly diluted EPS was 1.88 dollars. Alphabet recorded a growth of just 1% in the fourth quarter of 2022. Amazon surpassed fourth-quarter earnings, but provided light guidance.
It's very important to look at major companies' financial results, which may affect many investors' confidence and overall market performance. Furthermore, future earnings reports may provide valuable information and create trading opportunities!
*Source: S&P Global as of 2023/1/20, S&P Global
What are your thoughts on fourth quarter results? eg
1) Which company are you most satisfied with your Q4 financial results?
2) Is now an opportunity to hold shares or other stocks of leading tech companies?
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