Microsoft's and Google's earnings tell a tale of two clouds
Microsoft and Google told two different stories about their cloud businesses during their earnings calls on Tuesday.
Source: yahoo.com
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Amazon analysts expect same-day delivery to boost margins in Q3
Investors will look for signs that Amazon's aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more frequent and bigger orders. Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily in 2020 and 2021 in logistics to make same-day delivery, which it introduced in 2015, available in more places.
Source: yahoo.com
Alphabet sees $165 billion in market cap wiped after cloud business growth disappoints Wall Street
The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.
Source: biztoc.com
Alphabet Earnings Are Coming. Expect Strength in Ads and Cloud Computing.
The Street expects the parent of Google and YouTube to post sales of $76 billion, up 10% from a year earlier, with profits of $1.46 a share.
Source: marketwatch.com
Meta earnings should show continued ad dominance — but a new Apple battle looms
Apple disrupted Meta's advertising business with its privacy tools, and now it's planning a big push into virtual and augmented reality.
Source: marketwatch.com