Amazon, Google, Facebook Deliver 'Surprise Earnings' in 3Q... Apple Meets Expectations

Simultaneous Earnings Announcements After Market Close

[Image source=AP Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Amazon, Google, and Facebook's earnings exceeded expectations. Apple's earnings were better than expected but remained at forecast levels.

Amazon's Q3 earnings per share announced on the 29th (local time) were $12.37, far surpassing the market forecast of $7.37. Revenue also greatly exceeded expectations at $96.1 billion compared to the forecast of $92.6 billion.

Google's parent company Alphabet reported earnings per share of $16.40, significantly exceeding the expected $11.30. Revenue jumped to $46.17 billion, well above the forecast of $42.7 billion.

Facebook's earnings per share were $2.71, beating the expected $1.89. Revenue also greatly exceeded expectations at $21.4 billion compared to the forecast of $19.7 billion.

The leading stock, Apple, posted earnings close to expectations. Apple's earnings per share were $0.73, slightly above the forecast of $0.71, and revenue was $64.7 billion, a bit higher than the expected $63.9 billion.

Before the earnings announcements, in the New York stock market close, Amazon's stock price rose 2.21%, Alphabet 3%, Facebook 4.9%, and Apple 3.7% compared to the previous day.

In after-hours trading following the earnings announcements, Facebook and Alphabet stocks showed strength, while Apple and Amazon stocks showed weakness.