https://youtu.be/M9BgmZDVAhQ
Shares on the major stock market indices in the United States traded in the green in the premarket on Wednesday after both the Dow Jones Industrial Average and the S&P 500 closed at all-time highs the day before. Twitter, Microsoft, and Alphabet have recorded increases in revenues according to their prior day’s releases, with Boeing set to publish its earnings report before the opening bell. On the data front, the traders will monitor the data on the US durable goods orders, as well as the country’s trade balance. The Dow Jones went up by 0.16% at 4:24 am ET, while the Nasdaq 100 gained 0.19% at the same time. The S&P 500 concurrently grew by 0.14%. The euro advanced by 0.08% against the dollar, selling for 1.16053 at 4:25 am ET.
Twitter’s Q3 revenue at $1.28B, up by 37% YoY
Twitter Inc. announced on Tuesday its revenue in the third quarter of 2021 came in at $1.28 billion, marking an annual rise of 37% but still missing expectations. On the other hand, it recorded an operating loss of $743 million and a net loss of $537 million, which went down from both operating and net incomes observed in the same period in 2020. Meanwhile, its diluted losses per share were at $0.67 per share, worsening from earnings per share (EPS) of $0.04. “I am proud of our third quarter results. We’re improving personalization, facilitating conversation, delivering relevant news, and finding new ways to help people get paid on Twitter,” Twitter’s Chief Executive Officer (CEO) Jack Dorsey commented on the results. Following the release of the report, Twitter’s shares went down by 1.63% in the after-hours trading.
Microsoft’s revenue jumps 22% YoY to $45.3Billion
Microsoft Corporation reported on Tuesday that its revenue reached $45.3 billion in the first quarter of fiscal 2022 after rising 22% from the same timespan in the prior year. Net income grew 48% on an annual basis to stand at $20.5 billion in the quarter that ended on September 30, 2021, while operating income amounted to $20.2 billion, up 27% year on year. Diluted earnings per share hit $2.71, soaring 49% from the first three months of fiscal 2021. “Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity,” Chairman and CEO Satya Nadella noted.
Alphabet posts Q3 revenue at $65.1Billion up 41% YoY
Alphabet Inc. reported on Tuesday its third-quarter revenue at $65.1 billion, beating expectations of around $63.3 billion and rising by 41% compared to the same quarter in 2020. The diluted earnings per share (EPS) stood at $27.99, much higher than the expected $23.48 and 70.6% higher year-on-year. Net income jumped 68.7% on a yearly basis to reach $18,9 billion. “Five years ago, I laid out our vision to become an AI-first company. This quarter’s results show how our investments there are enabling us to build more helpful products for people and our partners. Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate and stay secure,” CEO Sundar Pichai said.