Facebook Inc. announced on Wednesday the company’s first-quarter revenue annually surged 48% in the trimester ending March 31 to reach $26.17 billion. Facebook’s net income skyrocketed 94% to $9.5 billion, with diluted earnings per share at $3.30. In the same quarter, the Facebook monthly active users jumped 10% to 2.85 billion. “We had a strong quarter as we helped people stay connected and businesses grow. We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy,” CEO Mark Zuckerberg commented in the report. Facebook said it expects advertising revenue growth over the course of 2021, with total revenue growth remaining stable or modestly accelerating. The tech giant’s stocks surged 4.75% to $321.82 in the after-hours trading following the earnings announcement.
Apple reports revenue of $89.6B in Q2, up by 54% YoY
Apple Inc. stated on Wednesday that its revenues for the second quarter of fiscal 2021 came in at $89.6 billion, marking a 54% rise in comparison with the same three-month period a year prior. International sales participated in the second trimester’s total revenues by 67%, the firm unveiled. The technology behemoth’s net income landed at $23.6 billion in the same quarter, rocketing 110% annually to translate to diluted earnings per share of $1.4, while its operating income amounted to $27.5 billion as it soared 114% year-on-year. Apple’s sales of iPhone went up by a whopping 65.5% in the quarter ended on March 27, compared to the same trimester of fiscal 2020 to reach $47.9 billion. Both the revenue figure and the company’s net income came in well above the analysts’ expectations. “This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us,” Apple CEO Tim Cook commented. Apple’s shares jumped by 3.29% in the after-hours trading, after the results came out.]
eBay Q1 revenue surges 42% to $3.02 billion
eBay Inc. posted its first-quarter earnings results on Wednesday, saying that its revenue annually soared 42% to reach $3.02 billion. eBay’s net income jumped 45% to $758 million, with diluted earnings per share of $1.09. Annual active buyers rose by 7% to 187 million, while sellers grew 8% to 20 million. “We delivered another strong quarter for the company and an excellent start to the year for our buyers and sellers. We generated tremendous volume and earnings, with revenue growth the highest it has been since 2005,” CEO Jamie Iannone said in the report. Commenting on the outlook for the second quarter, eBay noted it expects between 8% and 10% revenue growth. However, the company’s stocks plunged 5.63% to $58.81 per share in the after-hours trading following the earnings release.
Qualcomm’s Q2 revenue at $7.9B, up 52% YoY
Qualcomm Inc.’s revenue in the second fiscal quarter of 2021 surged by 52% compared to the same period a year prior to reach $7.9 billion, the company announced on Wednesday. During the year’s second trimester, the company’s net income skyrocketed 276% versus Q2 2020 to stand at $1.8 billion, or $1.53 per diluted share. “Demonstrating the strength of our strategy and our success in execution, we delivered another quarter of year-over-year growth driven by sustained demand for smartphones globally and our ability to increase the scale of our non-handset revenues,” Qualcomm CEO Steve Mollenkopf commented. The company’s shares soared 5.1% in the after-hours trading upon the release of the report. Nick Note: This is hotter then a single, middle aged (dumped by her first boyfriend) school teacher from the midlands in England living with her mother. Vacationing on the party island of Ibiza . With a Moroccan stud she just met at a disco high on ecstasy and coke paying for his hotel room..