Earlier this afternoon, Apple (AAPL), Alphabet (GOOGL), and Amazon (AMZN) all released their quarterly report. The three companies combine to make up about 10% of the S&P 500, and all have a market cap above $600 billion.
Apple (AAPL) beat expectations and reported a $3.89 EPS. They also beat on revenue and reported $88.3 billion made in the quarter. However, they fell short of 80 million iPhone shipments, shipping only 77.3 million units. They also gave weak Q2 guidance, expecting around $61 billion in revenue. Their stock is currently up 3% in after-hours trading.
Amazon (AMZN) also beat expectations, reporting $3.75 EPS and $60.5 billion in revenue. The company also saw over $5 billion in revenue from AWS, Amazon’s Cloud service. Amazon provided strong guidance for Q1 and expects to make around $49 billion in revenue. Their stock rose about 6.5%.
Alphabet (GOOGL) reported weak EPS and sales, coming in at $9.70 EPS, above expectations, and $32.32 billion in revenue, slightly above the consensus. Alphabet did, however, beat expectations in ad services pricing metrics such as cost per click and paid clicks. Alphabet is down about 2% on the news.