Motley Fool Money Earnings: Big Tech Surprises and Disappointments
Jul 30, 2021
Analysts Emily Flippen and Jason Moser dive into a whirlwind of tech earnings, spotlighting Amazon's disappointing performance and Alphabet's record-breaking buyback. Apple and Microsoft may have reported big profits, but their stock reflected a different story. They also unpack notable results from Facebook, PayPal, and Starbucks, while McDonald's surprising success gets attention. Beyond Meat and Etsy are on their radar for future earnings, sparking discussion about market challenges and growth potential.
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Amazon's Q2 Performance
- Amazon's Q2 results disappointed Wall Street, leading to its worst trading day in a year.
- Despite this, Amazon's revenue exceeded $100 billion for the third consecutive quarter.
Alphabet's Success
- Alphabet reached a new high after exceeding Q2 expectations, announcing a $50 billion share buyback.
- This demonstrates the company's substantial profitability, double that of Amazon despite similar market caps.
Apple's Q3 Results and Chip Shortage
- Apple's Q3 revenue reached $81 billion, with services contributing a record $17.5 billion.
- Despite this success, CEO Tim Cook warned about the chip shortage impacting iPhone and iPad sales.