Sunday, October 29, 2017

Amazon, Google, Microsoft and Intel find billions more in profit

Technology companies have been dominating the news and investors’ attention, and a series of earnings reports Thursday afternoon showed why. Four of the most valuable tech companies in the world— @Amazon.com Inc. #AMZN, +13.22%  , @Google parent company @Alphabet Inc. #GOOGL, +4.26% GOOG, +4.80% , @Microsoft Corp. #MSFT, +6.41% and @Intel Corp. INTC, +7.38% — destroyed expectations for profit and revenue in third-quarter reports Thursday afternoon, collectively bringing in about $2.2 billion more profit and $19 billion more revenue than in the same quarter a year ago. Stock in those four companies jumped across the board in late trading, which would make them worth even more than the combined market cap of nearly $2 trillion they enjoyed at the end of Thursday’s trading session.

https://www.marketwatch.com/story/amazon-google-microsoft-and-intel-find-billions-more-in-profit-2017-10-26

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