Tech companies earnings is out for Twitter, Facebook, Google, Apple, and Amazon

Almost all of the top tech companies are reporting their earnings today and Investingport has compiled the numbers for you to read through.  Below, we bring you all you need to know the technology stock investment news.  

Since the onset of the coronavirus, it's the tech stocks that have been carrying the stock market at large. Most cities shut down due to the Covid-19 pandemic. As a result, companies like Amazon, Facebook, Twitter, and google did more business than they have done in the past since more people are at home and they have more time to spend online.

We have seen about two-quarters of reporting since the pandemic began and maybe today's reporting will tell us a bit about what to expect from the stock market while the pandemic is still here.  

Amazon earnings report 

Amazon Lower on earning, the operation income looks a bit lower than people expected and the company reported growth of 37 percent on topping estimates. 

• Operating cash flow increased 56% to $55.3 billion for the trailing twelve months, compared with $35.3 billion for the trailing twelve months ended September 30, 2019. 
• Free cash flow increased to $29.5 billion for the trailing twelve months, compared with $23.5 billion for the trailing twelve months ended September 30, 2019. 
• Free cash flow less principal repayments of finance leases and financing obligations increased to $18.4 billion for the trailing twelve months, compared with $14.6 billion for the trailing twelve months ended September 30, 2019. 
• Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $17.9 billion for the trailing twelve months, compared with $10.5 billion for the trailing twelve months ended September 30, 2019. 
• Common shares outstanding plus shares underlying stock-based awards totaled 518 million on September 30, 2020, compared with 511 million one year ago. 
• Net sales increased by 37% to $96.1 billion in the third quarter, compared with $70.0 billion in third-quarter 2019. Excluding the $691 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 36% compared with third-quarter 2019. 
• Operating income increased to $6.2 billion in the third quarter, compared with operating income of $3.2 billion in third quarter 2019. 
• Net income increased to $6.3 billion in the third quarter, or $12.37 per diluted share, compared with net income of $2.1 billion, or $4.23 per diluted share, in third quarter 2019. 

Facebook Earnings Reports 

Facebook Reports Third Quarter 2020 Results

Third Quarter 2020 Operational and Other Financial Highlights

• Facebook daily active users (DAUs) – DAUs were 1.82 billion on average for September 2020, an increase of 12% year-over-year.
• Facebook monthly active users (MAUs) – MAUs were 2.74 billion as of September 30, 2020, an increase of 12% year-over-year.
• Family daily active people (DAP) – DAP was 2.54 billion on average for September 2020, an increase of 15% year-over-year.
• Family monthly active people (MAP) – MAP was 3.21 billion as of September 30, 2020, an increase of 14% year-over-year.
• Capital expenditures – Capital expenditures, including principal payments on finance leases, were $3.88 billion for the third quarter of 2020.
• Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $55.62 billion as of September 30, 2020.
• Headcount – Headcount was 56,653 as of September 30, 2020, an increase of 32% year-over-year.

Twitter Q3 earning report - 2020 

• Total revenue was $936 million in Q3, an increase of 14%. Total US revenue was $513 million, an increase of 10%. Total international revenue was $424 million, an increase of 18%. 
• Japan remains our second largest market, contributing $132 million, an increase of 3% in Q3. Total advertising revenue was $808 million, an increase of 15%.
• Improved demand toward the end of Q2 continued throughout Q3 as advertisers around the world significantly increased their investment on Twitter, seeking to engage our larger audience around the return of events as well as increased and previously delayed product launches. 
• Data licensing and other revenue totaled $128 million, an increase of 5%, driven by continued growth in Developer and Enterprise Solutions (DES). 
• Operating income totaled $56 million, or 6% of total revenue, compared to $44 million, or 5% for the same period in 2019. We delivered net income of $29 million, net margin of 3%, and diluted EPS of $0.04

Alphabet Q3 earnings report 

• Earnings per share: $16.40 vs $11.29 expected, according to Refinitiv estimates
• Revenue: $46.17 billion vs $42.90 billion expected, according to Refinitiv estimates
• Google Cloud: $3.44 billion vs. $3.32 billion estimated according to StreetAccount.
• YouTube ads: $5.04 billion vs. $4.39 billion estimated, according to StreetAccount.
• Traffic acquisition costs (TAC): $8.17 billion vs. $7.66 billion according to StreetAccount.

Apple Reports Fourth Quarter Results

• EPS: 73 cents vs 70 cents expected, according to Refinitiv estimates
• Revenue: $64.7 billion vs $63.70 billion expected, according to Refinitiv estimates
• iPhone revenue: $26.44 billion vs. $27.93 billion est.
• Services revenue: $14.55 billion vs. $14.08 billion est.
• Other Products revenue: $7.88 billion vs. $7.40 billion est.
• Mac revenue: $9.0 billion vs. $7.93 billion est.
• iPad revenue: $6.8 billion vs. $6.12 billion est.
• Gross margin: 38.2% vs. 38.1% est.