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You can’t get much more blue-chip than the world’s largest company by market capitalization at $2.26 trillion. It’s one of four companies worth a trillion or more.
Microsoft (NASDAQ:
MSFT) could soon join it as only the second company in the U.S. to go over $2 trillion.
On April 26, Apple announced that it would commit more than $430 billion and 20,000 new jobs to its U.S. operations over the next five years. In 2018, Apple set out to invest $350 billion over five years but is now accelerating that goal.
“At this moment of recovery and rebuilding, Apple is doubling down on our commitment to US innovation and manufacturing with a generational investment reaching communities across all 50 states,” said Tim Cook, Apple’s CEO.
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Chevron (CVX) Q1 Earnings Miss Estimates, Revenues Beat Zacks.com 12 hrs ago
Chevron Corporation CVX reported adjusted first-quarter earnings per share of 90 cents, missing the Zacks Consensus Estimate of 92 cents. Meanwhile, the company earned $1.31 per share in the year-ago period. Chevron’s underperformance contrasts with peers
ExxonMobil XOM,
BP plc BP all of whom posted better-than-expected profit.
Chevron’s earnings disappointment reflects lower production, plus decline in refined products margins. This was partly offset by the integrated energy major’s successful cost reduction initiatives, which allowed it to reduce capital spending by 43% from year-ago levels.
The company generated revenue of $32 billion. The sales figure beat the Zacks Consensus Estimate of $30.9 billion and was up 1.7% year over year on the back of higher commodity prices.
Digital Realty (DLR) Beats Q1 FFO Estimates, Raises 21 View Zacks.com 4/30/2021
Digital Realty Trust, Inc. DLR delivered first-quarter 2021 core funds from operations (FFO) per share of $1.67, beating the Zacks Consensus Estimate of $1.59. Results highlight better-than-anticipated revenue numbers. The reported figure also compares favorably with the year-ago quarter’s $1.53.
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The company registered operating revenues of $1.1 billion in the first quarter, marking a 32.4% year-over-year jump. The revenue figure also outpaced the Zacks Consensus Estimate of $1.05 billion.
Decent leasing activities and strong signed total bookings aided results. Digital transformation is driving steady demand. The data-center REIT has also raised the core FFO per share outlook for 2021.