Three out of seven a win – Amazon, Apple and Meta topping forecasts
<img width="250" height="177" src="https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-250×177.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-250×177.jpg 250w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-700×496.jpg 700w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-768×544.jpg 768w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-1536×1087.jpg 1536w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-2048×1450.jpg 2048w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-120×85.jpg 120w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-245×173.jpg 245w, https://www.leaprate.com/wp-content/uploads/2024/02/FIN-LP-Three-out-of-seven-a-win-–-Amazon-Apple-and-Meta-topping-forecasts-iStock-1359152239-500×354.jpg 500w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto"><a href="https://www.leaprate.com/news/amazon-shows-ai-interest-with-possible-4bn-startup-investment/" target="_blank" rel="noopener">Amazon</a>’s Q4 revenue, which totalled $170bn, beat the expected $166.2bn by almost $4bn. Experts attributed the financial success of this company to the synergy between its diverse segments. The reported totals boosted investor confidence, and Amazon closed its Friday, 2 February 2024, trading up 7.87%.</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></p>
<p><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span><span data-contrast="auto">Apple followed suit with its Q1 earnings and defied analyst forecasts. Its year-on-year quarterly revenue of $119.6bn went up by 2%. According to Yahoo Finance, this outpaced Zacks Consensus Estimates by 1.66%. The company further reported a 16% jump in year-over-year earnings per diluted share, trumping estimates by 4.31%. Apple, however, missed the mark with categories and devices net sales.</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></p>
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<p><span data-contrast="auto">Emulating the trend, Meta’s Q4 earnings came in at $40.11bn, a 25% year-on-year jump, to outdo the predicted $39.01. It also reported gains of $5.33 per share as opposed to the $4.91 estimates. The metaverse creator also announced a $50bn stock buyback programme and dividends of 50 cents per share.</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></p>
<p><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span><span data-contrast="auto">Friday, 2 February 2024 saw Meta stock skyrocketing by more than 20%. This rally boosted the company’s market cap by approximately $200bn, which is now valued at more than $1.2tn. In his press statement, Meta founder and CEO Mark Zuckerberg said:</span></p>
<blockquote><p><span data-contrast="auto">We had a good quarter as our community and business continue to grow. We’ve made a lot of progress on our vision for advancing AI and the metaverse.</span></p></blockquote>
<p><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span><span data-contrast="auto">As reported by LeapRate on Thursday, 1 February 2024, big tech investors are closely watching and gauging if big tech AI spending justifies returns.</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/three-out-of-seven-a-win-amazon-apple-and-meta-topping-forecasts/">Three out of seven a win – Amazon, Apple and Meta topping forecasts</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
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