FAANG goes BANG

Advertisement

Absolute tearaway earnings from FAANG this morning:

  • Facebook EPS $1.80 vs. $1.39 sent estimate
  • Apple EPS $2.58 vs. estimates of $2.07
  • Alphabet EPS $14.21 with adjusted earnings of $10.13 vs. $8.21 estimate
  • Amazon EPS $10.30 vs. an estimate of $1.46

Much of the commentary was positive as well so all of the stocks are up bigly after hours.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.