US Earnings

Posted on | by Leon Hinde | Leave a Comment on US Earnings

Monday, February 5 – McDonald’s, Caterpillar, Vertex Pharmaceuticals, Tyson Foods, NXP Semiconductors, and Estee Lauder.

Tuesday, February 6 – Eli Lilly, Toyota Motor, Centene, Amgen, Ford Motor, and BP. 

Wednesday, February 7 – Alibaba, CVS Health, Fox Corporation, McKesson, Disney, Uber Technologies, and PayPal.

Thursday, February 8 – ConocoPhillips, Philip Morris, Duke Energy, Expedia, Take-Two Interactive, Pinterest, and Kenvue.

Friday, February 9 – PepsiCo, Newell Brands, and AMC Networks.

Mega-cap US tech: Earnings Analysis

Posted on | by Leon Hinde | Leave a Comment on Mega-cap US tech: Earnings Analysis

Mega-cap US tech stocks Microsoft, Alphabet, Amazon, and Meta all reported this week.

Reneue scoreboard: Year-over-year growth Microsoft +18%, Meta +16%, Amazon +12%, Alphabet +9%.

Microsoft

Alphabet

Meta delivered an incredible Q4 2023, generating $5.33 in GAAP EPS and $40.11 billion in revenue. META beat on the top and bottom lines, announced a $50 billion buyback authorization, and implemented a dividend program.

Amazon: Fourth Quarter 2023

  • Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022.
  • Full Year 2023 Net sales increased 12% to $574.8 billion in 2023, compared with $514.0 billion in 2022.
  • North America segment sales increased 12% year-over-year to $352.8 billion.
  • International segment sales increased 11% year-over-year to $131.2 billion.
  • AWS segment sales increased 13% year-over-year to $90.8 billion.
  • Operating income increased to $36.9 billion in 2023, compared with $12.2 billion in 2022.
  • AWS segment operating income was $24.6 billion, compared with operating income of $22.8 billion in 2022.
  • Net income was $30.4 billion in 2023, or $2.90 per diluted share, compared with a net loss of $2.7 billion, or $0.27 per diluted share, in 2022.
  • Free cash flow improved to an inflow of $36.8 billion for the trailing twelve months, compared with an outflow of $11.6 billion for the trailing twelve months ended December 31, 2022.