In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Google & Microsoft Showed Strong Q3 Earnings
2021-10-27 • Updated
Google and Microsoft – the US largest tech companies have published strong financial results for the third quarter.
- EPS: $27.99 (forecast: $23.75)
- Revenue: $65.12B (forecast: $63.47B)
- YouTube advertising revenue: $7.20B (forecast: $7.4B)
- Google Cloud revenue: $4.99B (forecast: $5.07B)
Google has shown great earnings and revenue results this quarter that topped analysts' estimates. Advertising and Cloud revenues grew significantly since the same quarter last year but still came out slightly worse than expected. Indeed, the company is facing major antitrust lawsuits now. What are they about?
First, Google has taken 42% of all the money spent on online ads, according to the US court. This signals that Google is a monopolist in online advertising and it can use its power to reduce the competition.
Second, Google has colluded with Facebook to work around Apple's privacy settings to keep tracking their users. Apple has offered its users a choice: to allow or to not allow apps to track them. This initiative has affected negatively ads-oriented companies such as Facebook and Google. However, Google has its Android operating system, that’s why it’s better protected than Facebook.
Google has broken above the 50-day moving average and confirmed the bullish strength. Now, it can rally freely to the resistance level of $2900. Support levels are the recent low of $2745 just above the 100-day MA and the September trough at $2660.
- EPS: $2.27 (forecast: $2.07)
- Revenue: $45.32B (forecast: $43.93B)
Microsoft has revealed a stronger-than-expected set of results for the third quarter. The total revenue rose almost 22% on annual basis. That marked the fastest growth since 2018. Microsoft claimed Azure and other cloud services surged 50% year over year in the 3rd quarter. It’s a great result which has beat even Microsoft’s forecast made 3 months ago.
The stock of Microsoft has hit a record high! It has opened with a gap up near $320.00. If it manages to jump above it, the way up to the next round number of $325.00 will be open. Support levels are the low of October 25 and the 50-day moving average of $300.
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In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
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