1072 days ago
Alphabet's earnings report had good news for Apple. Alphabet continues to spend heavily to ensure Google remains the default search engine on iPhones and other devices. Its traffic-acquisition costs during 1Q rose 30% to $ 9.71B during 1Q from a year earlier. Some of those funds typically flow straight to Apple's bottom line and have been a big contributor to the growth of its service business.
1072 days ago
FAANGM have showed outstanding results over the past year, beating by far the S&P 500 on operating margin, return on equity and return on assets. (FAANGM refers to stocks of Facebook, Apple, Amazon, Alphabet's Google and Microsoft.)
1072 days ago
Profits in the company’s domestic and international segments rose to a record, the company said. U.S. revenue increased 22% to $14.01 billion in the quarter, while international revenue rose 36% to $4.61 billion, led by Asia and Europe. UPS also benefited from growth in healthcare activities. The company had delivered roughly 196 million vaccine doses to about 50 countries.
1072 days ago
Sony reported profits below expectations and said it would buyback its shares in the sum of $1.8 billion or 200 billion yen. Share buybacks are a way for firms to control for EPS and basically increase it. Profits were lower so EPS was lower, and well, buybacks solve this issue.
1073 days ago
What do you do when you're bored, stuck at home and lack social interactions? You buy a pet. At least that's what many people did, with record adoption rates as well as pet-related spending which made pet companies thrive. Share prices of companies like Chewy, Pets at Home and Zooplus all soared during the pandemic, not only because of higher rates of adoption, but also because of owners having more time and money to take care of their fluffy loved ones. What's more, it is rather unlikely that this trend falters soon, as once people buy a pet, it is generally really hard to part with it.
