This chart shows the immediate reactions of Amazon, Facebook, and Google earnings. Who won? Facebook is at all-time highs during this writing. It's also trading higher by more than 6%. The initial Amazon reaction is +4% and Google is +1%.
Here's a breakdown of each report. These earnings report snapshots com courtesy of LiveSquawk:
Amazon Q2 20 Earnings:
- Net Sales: $88.9B (exp $81.24B)
- EPS: $10.30 (exp $1.46)
- Sees Q3 Net Sales $87.0B To $93.0B (exp $86.51B)
- Created Over 175,000 New Jobs Since March
Alphabet Q2 20 Earnings:
- Revenue Ex-TAC: $31.60B (exp $30.45B)
- EPS: $10.13 (exp $8.21)
- YouTube Ads Revenue: $3.81B (exp $3.76B)
- Google Properties Revenue: $25.1B (exp $24.55B)
- Quarterly Decrease In Revenues 2% Y/Y
Facebook Q2 20 Earnings:
- Revenue: $18.69B (exp $17.31B)
- EPS: $1.80 (exp $1.39)
- Monthly Active Users: 2.70B (exp 2.63B)
- Daily Active Users: 1.79B (exp 1.74B)
The Facebook reaction says a lot to me and I have long been impressed with their sneaky entry way into online sales with Facebook Marketplace. I think next they will try to create a search engine that rivals Google. Of these three tech companies, it would seem Facebook has the most potential.
That's just my opinion.
What are your thoughts?
Here's a breakdown of each report. These earnings report snapshots com courtesy of LiveSquawk:
Amazon Q2 20 Earnings:
- Net Sales: $88.9B (exp $81.24B)
- EPS: $10.30 (exp $1.46)
- Sees Q3 Net Sales $87.0B To $93.0B (exp $86.51B)
- Created Over 175,000 New Jobs Since March
Alphabet Q2 20 Earnings:
- Revenue Ex-TAC: $31.60B (exp $30.45B)
- EPS: $10.13 (exp $8.21)
- YouTube Ads Revenue: $3.81B (exp $3.76B)
- Google Properties Revenue: $25.1B (exp $24.55B)
- Quarterly Decrease In Revenues 2% Y/Y
Facebook Q2 20 Earnings:
- Revenue: $18.69B (exp $17.31B)
- EPS: $1.80 (exp $1.39)
- Monthly Active Users: 2.70B (exp 2.63B)
- Daily Active Users: 1.79B (exp 1.74B)
The Facebook reaction says a lot to me and I have long been impressed with their sneaky entry way into online sales with Facebook Marketplace. I think next they will try to create a search engine that rivals Google. Of these three tech companies, it would seem Facebook has the most potential.
That's just my opinion.
What are your thoughts?
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Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com/latest-posts/
Follow me on X here: x.com/scheplick
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.