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Amazon (AMZN)
The on line giant’s net revenue $149.20 billion for the fourth quarter came in higher than analyst anticipations of $149.20 billion. It is altered earnings of 3 cents for every share came in beneath estimates of 17 cents.
Amazon’s AWS cloud device web revenue came in at $21.38 billion, a growth of additional than 20% in comparison to the exact same period of time in 2022. Working revenue arrived in at $2.74 billion, beating analyst anticipations of $2.51 billion.
Alphabet (GOOGL, GOOG)
Shares of Google guardian Alphabet are investing 6% reduce in after hours. The tech giant noted fourth quarter profits, excluding partner payouts, of $63.1 billion compared to analyst expectations of $63.2 billion.
Promotion earnings fell by 4% while YouTube income dropped 8%, reflecting a difficult advertisement setting amid a slowing financial state.
Sundar Pichai, CEO of Alphabet and Google, produced reference to the company’s AI in its earnings launch.
“Our prolonged-term investments in deep computer system science make us really perfectly-positioned as AI reaches an inflection issue, and I’m psyched by the AI-driven leaps we’re about to unveil in Research and beyond.,” stated Pichai.
Apple (AAPL)
Shares fell about 4% in soon after hours soon after the tech giant’s quarterly income of $117.15 billion declined by 5% 12 months-in excess of-12 months, lacking analyst expectations of $121.14.
Apple iphone profits dropped 8% calendar year-about-12 months to $65.8 billion, missing estimates of $68.3 billion. The firm’s earnings per share of $1.88 vs also came in down below expectations of $2.10.
Apple’s production and shipments were being impacted last 12 months amid COVID lockdowns in China.
Ines is a senior enterprise reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
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