Amazon Stock Price AMZN Stock Quote, News, and History

CEO Tim Cook said on the company’s earnings conference call that iPhone sales in China were down in the mid-single digits, which implies higher declines for other hardware products. Maestri also said the company expects its services revenue growth to be comparable to the level in the December quarter, at 11.3%. That would imply services revenue for the March quarter of $23.3 billion, a little shy of the Wall Street consensus of $23.5 billion. In remarks on Apple’s earnings call late Thursday, Cook said the company will «continue to invest in technologies that will shape the future,» including artificial intelligence. Meta reported fourth-quarter adjusted earnings per share of $5.33, which was ahead of Wall Street’s consensus estimate of $4.82, according to FactSet.

Apple shares are down in late trading Thursday after the company reported December-quarter results that topped Wall Street estimates, with strength in iPhones, but lower than expected growth in services. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Meta announced plans for its first-ever quarterly dividend while Apple reported a sales slowdown in its key China market on Thursday as three of the biggest tech stocks reported quarterly earnings on …

On a call with investors and analysts, Zuckerberg said he expects training and operating AI models will be “even more compute intensive” going forward, suggesting more GPU purchases will be required. «As we have been stressing for the past eight months, the revival in productivity is encouraging for the broader inflation and economic outlook,» said EY chief economist Gregory Daco. «If companies can generate strong productivity growth, they will be able to control costs and protect margins without sacrificing talent in an environment of still-elevated wages and fading pricing power.» S&P 500 futures rose on Friday morning as a trio of megacap tech titans reported results and investors looked ahead to the January jobs report.

The Seattle-based company turned in a blowout holiday season, posting the strongest online sales growth since the early days of the pandemic. The cloud computing division, meanwhile, has stabilized and executives say growth will accelerate this year as corporate customers resume their spending. Wall Street cheered, pushing the shares up about 8% in extended trading. Fourth-quarter earnings per share came in well above consensus forecasts, and first-quarter estimates for net sales and operating income also came in at the high end of the expected range.

  1. Aozora plunged by as much as 18.5% to 2,080 yen in early Tokyo trading, sending its shares to their lowest levels since February 2021.
  2. KeyBanc’s Justin Patterson raised his target price on the stock to $575 from $465 and maintained an Overweight rating on the shares.
  3. That is a fair prediction, considering that Longforecast has already predicted that the stock will reach a maximum price of $175 in December 2023.
  4. IPhone revenue was $69.7 billion, up 6%, and ahead of the Wall Street consensus forecast of $65.8 billion.
  5. CEO Mark Zuckerberg has said AI would be the biggest investment area for both engineering and infrastructure this year.

Apple provided guidance for the March quarter that disappointed investors. US stocks climbed Thursday, recouping losses from the prior session’s sell-off following the Federal Reserve’s cautious messaging on rate cuts. The 30-stock Dow is up 1.08% as of Thursday’s close, pacing for its best week since Dec. 15. Drivers behind the blue-chip index’s gains include Merck and Amgen, both of which are up more than 4% for the week. January’s core inflation — which strips out prices of food and energy — rose 2.5%, at a slower rate than 2.8% in the previous month. Australia’s producer price index rose 4.1% year on year in the fourth quarter of 2023, accelerating from the 3.8% seen in the third quarter.

Apple shares were 1.7% lower in after-hours trading following the report. The company noted that the latest quarter was 13 weeks, while https://traderoom.info/ the year ago period was 14 weeks. For investors, a dividend is increasingly seen as a sign of executive confidence in the business.

The company is not a true retailer nor a pure-play manufacturer but in the business of connecting consumers and merchants together. The website was first created as a means of selling books at a discount but it has since grown to include most verticals in the retail sector. A few of the products the company does manufacture are the Kindle and Fire Tablets, Fire TVs, and smart home devices like Echo. Echo is powered by an AI personality named Alexa which can take vocal commands from its users. Apple (AAPL) quarterly results showed earnings and revenue for the company’s first quarter beat analysts’ estimates.

Amazon.com MarketRank™ Stock Analysis

«This is the first time [the FOMC] actually really talked about rate cuts,» he told CNBC. Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. It has lagged behind others on introducing consumer-facing generative artificial intelligence. Strong earnings growth and a surprise dividend draw cheers as Apple reveals its China struggles, but AI hopes are high.

Analyst’s Opinion

Meta Platforms stock rose sharply in late trading Thursday after the social media company gave a better-than-expected revenue forecast for its March quarter. For the quarter, Apple posted revenue of $119.6 billion, up 2% from a year ago, snapping a four-quarter string of revenue declines. Profit was $2.18 a share, ahead of the Wall Street consensus forecast of $2.11 a share.

KeyBanc’s Justin Patterson raised his target price on the stock to $575 from $465 and maintained an Overweight rating on the shares. “Meta’s report allayed concerns around a 2024 deceleration … and also demonstrated sound capital allocation (new $50 billion share repurchase plan and quarterly dividend). Importantly, Meta’s investments in capex are also being met with clear returns, as evidenced by atypically strong first-quarter guidance,” Patterson wrote.

AMZN fair value

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. The e-commerce company has benefited from resilience in the retail industry. Revenue came in at $40.1 billion, which was above analysts’ expectations of $39.1 billion. CEO Mark Zuckerberg has said AI would be the biggest investment area for both engineering and infrastructure this year.

Alphabet has resisted paying a dividend, preferring to return cash to holders via a large stock repurchase program. Barron’s has argued many times that tech giants like Meta and Alphabet can do both – buy back stock and pay dividends. Meta bought back $20 billion of its stock in 2023, and the dividend will cost it about $5 billion annually. Zuckerberg also said the company wouldn’t repeat prior mistakes of underinvesting in GPUs, noting that the firm didn’t have enough capacity for Reels during its early days. That would suggest iPhone revenue of $46.3 billion, and overall revenue of $89.8 billion; Wall Street estimates for the current quarter have been $49.7 billion for iPhone, and $95.6 billion overall.

EPS Growth

Gross margin was 45.9%, up from 43% in the year earlier quarter, and up 70 basis points sequentially. Meta said it would start paying a 50-cent quarterly dividend, which works out to a yield of less than 0.5% with Meta shares surging 13% to $447 in after-hours trading. The stock move reflects an earnings beat and the favorable reaction to the dividend. The results wpf dynamic table follow updates earlier in the week from Alphabet and Microsoft. Both companies delivered overall earnings beats; investors still sent the stocks lower. «There’s a resilient economy, confident consumer, better economic data than anticipated and the potential for earnings and revenue growth in 2024, which likely drives markets a bit higher,» he said.


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