News Formal

US tech companies report mixed results

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Google-parent Alphabet and Amazon rise while Apple and Twitter sink

A man walks past an Apple store in Taipei, Taiwan, on October 20 2020. Picture: REUTERS/ANN WANG

Mostly upbeat results from Facebook, Google-parent Alphabet and Amazon, along with Microsoft’s strong report earlier this week, show how the largest US companies have expanded their businesses and outperformed smaller rivals this year as the pandemic accelerates trends towards online shopping, video streaming and other technologies.

Analysts expect aggregate S&P 500 earnings to drop 13% this quarter, compared with an increase of 4.5% in the tech sector, which includes Apple, Microsoft and many other of the index’s largest companies, according to IBES data from Refinitiv.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US tech companies report mixed resultsGoogle-parent Alphabet and Amazon rise while Apple and Twitter sink
Source: BDliveSA - 🏆 12. / 63 Read more »