These Earnings are Moving the Market

You should know this before you trade today.

Key Earnings

After hours yesterday we received earnings reports from three of the biggest companies in the stock market - Google, Microsoft, and AMD.

These results will have major repercussions on the market.

Let’s review what happened:

Microsoft Earnings

Microsoft earnings dropped after hours despite beating on earnings expectations.

• Revenues: Actual- $62B; Expected- $61.14B

• Earnings per Share: Actual- $2.93; Expected- $2.77

Google Earnings

Google also beat estimates but dropped after reporting earnings. A key reason for the drop is that ad revenue missed expectations despite overall revenues beating.

• Revenues: Actual- $86.3B; Expected- $85.3B

• Earnings per Share: Actual- $1.64; Expected- $1.59

AMD Earnings

Finally, AMD is also down after hours. Their earnings came in essentially in line but data center revenue missed.

• Revenues: Actual- $6.17B; Expected- $6.13B

• Earnings per Share: Actual- $0.774; Expected- $0.77

For more earnings analysis, watch the video below: