Stock Movers Apple and Amazon Earnings; Big Oil Earnings Beat
4 snips
Aug 1, 2025 Apple dazzles with robust third-quarter results, particularly in iPhone sales and growth in China, while looking ahead with an optimistic sales outlook. In contrast, Amazon faces challenges as it struggles with lower operating income and aims to reduce AI costs. Meanwhile, ExxonMobil and Chevron shine in the oil sector with impressive earnings, bolstered by strong production even as crude prices fluctuate. The podcast delves into key market trends and emphasizes the importance of staying informed amidst these financial shifts.
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Apple Beats Expectations Strongly
- Apple's third-quarter results beat expectations, driven notably by iPhone revenue and sales in Greater China.
- Services revenue exceeded Wall Street projections, signaling growth acceleration globally and in emerging markets.
Amazon's Mixed Earnings Impact
- Amazon's revenue slightly beat expectations, but operating income disappointed, trailing cloud rivals.
- Market punished the stock as expectations for AI-driven growth were not promptly met, highlighting high bar for tech giants.
ExxonMobil Earnings Beat
- ExxonMobil beat earnings estimates due to robust output from the Permian Basin and Guyana despite lower crude prices.
- The company continues share buybacks around $20 billion yearly, supporting investor confidence.