Mastercard $MasterCard (MA.US)$ reported its first quarter earnings, with net revenues climbing 11% YoY to $5.7 billion, surpassing the consensus mark by 2.1% and analysts' estimates of $5.6 billion.
Meanwhile, Q1 adjusted earnings of $2.80 per share beat the Zacks Consensus Estimate by 3.3% while inching up 1% YoY. The leading technology company in the global payments industry also enjoyed improved cross-border travel, an expanding payment network and...

Amazon's $Amazon (AMZN.US)$ first-quarter earnings report surpassed Wall Street's expectations, with revenue reaching $127.36 billion (estimated $124.7 billion) and EPS at $0.31 (versus estimated 20 cents).
Operating margin also exceeded expectations at 3.7%, up from the estimated 2.38%. Amazon's net sales for AWS, its cloud unit, increased 16%, and the company predicts 2Q net sales guidance to range from $127 billion to ...

Verizon $Verizon (VZ.US)$ has announced a decline in its wireless subscriber base, signaling that the growth of the wireless industry may be slowing down.
The company saw a decrease of 263,000 wireless retail postpaid phone net losses for its consumer business in the first quarter. It is the fourth decline on this metric in the last five quarters. The churn rate was 0.84%.
Verizon's earnings report follows that of AT&T Inc. from last week. AT...

PepsiCo Inc $PepsiCo (PEP.US)$ has reported better-than-expected earnings for the first quarter, driven by price increases and strong performance across its categories and geographies.
The company has increased the prices of its products to offset the surging costs of raw materials and labor that have been linked in part to post-pandemic supply constraints and the outbreak of the war in Ukraine. In the 12 weeks ended on March...

McDonald’s $McDonald's (MCD.US)$ reported first-quarter earnings and revenue that exceeded analysts’ expectations, driven by strong sales of core menu items such as Big Macs and Shamrock Shakes in the United States.
The fast-food giant reported first-quarter net income of $1.8 billion, or $2.45 per share, up from $1.1 billion, or $1.48 per share, a year earlier. McDonald’s earned $2.63 per share, excluding restructuring charges and other items.
The company saw a...

Meta Platforms Inc $Meta Platforms (META.US)$. reported a 3% year-over-year increase in revenue for the first quarter of 2023, marking the first revenue increase in nearly a year. The uptick was due to continued improvements in Meta’s advertising business, and the company's heavy investment in artificial intelligence tools to improve its ad-targeting systems seems to be working.
Facebook CEO Mark Zuckerberg attributes the gains to Reel...

Visa $Visa (V.US)$, a global payments processor, exceeded analysts' expectations with its quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.97 per share - representing an earnings surprise of 6.09%.
The company also reported revenues of $7.99 billion for the quarter, up from $7.19 billion in the previous year and beating the Zacks Consensus Estimate by 3.01%. Visa has surpassed consensus EPS estimates four times in th...

Alphabet, Google’s $Alphabet-A (GOOGL.US)$ parent company, reported better-than-expected first-quarter results, with the tech giant’s search business and cloud unit proving to be major drivers of growth. The company's sales, excluding partner payouts, for the quarter were $58.07bn, beating analysts’ estimates of $56.98bn.
Despite competition from Microsoft and OpenAI, Google's search advertising performed well. Search advertising has proved to...

Microsoft $Microsoft (MSFT.US)$ reported fiscal third-quarter results and quarterly guidance that surpassed analysts’ predictions. The company's earnings per share (EPS) for the quarter were $2.45, while analysts surveyed by Refinitiv had estimated $2.23.
The revenue for the quarter was $52.86 billion, beating the expected $51.02 billion. Following the announcement, Microsoft's shares rose by 9% in extended trading on Tu...

First Republic $First Republic Bank (FRC.US)$, announced that its deposits plummeted 40.8% to $104.5 billion in the first quarter, causing concern for its customers and analysts.
This deposit flight was more severe than Wall Street's predictions, with analysts estimating the bank's deposit figures to be about $145 billion at the end of the first quarter, according to FactSet's StreetAccount consensus estimate.The bank's dep...