Tech Giants Energize Markets with Surprising Earnings
Main Idea
Tech giants Google, Tesla, and IBM reported mixed earnings results, with Google and IBM outperforming expectations while Tesla slightly missed forecasts. Meanwhile, Bitcoin remained stable while Ethereum and other altcoins experienced price declines.
Key Points
1. Tesla's earnings per share (EPS) was 40 cents, slightly below the expected 42 cents, with revenue of $22.5 billion missing the forecast of $22.64 billion.
2. Google's earnings per share was $2.31, beating the forecast of $2.18, with revenue reaching $96.43 billion, outperforming estimates.
3. IBM's earnings per share were $2.8, surpassing the anticipated $2.62, with revenue reaching $16.98 billion against a forecast of $16.59 billion.
4. Bitcoin (BTC) remained steady at $118,200, while Ethereum (ETH) dipped below $3,600 due to underwhelming reports.
5. Google's cloud revenue hit $13.62 billion, exceeding expectations, and YouTube advertising revenue was $9.80 billion, slightly ahead of forecasts.
Description
Major U.S. companies released crucial earnings reports this week. Continue Reading: Tech Giants Energize Markets with Surprising Earnings The post Tech Giants Energize Markets with Surprising Earnings appeared first on COINTURK NEWS .
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