Tech giants’ next acquisition could be themselves

📆 28/07/2021 02:01:00
📰 Breakingviews

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Alphabet, Amazon, Apple, Facebook and Microsoft hold around $600 billion of cash that investors will be keen to see put to work. Doing deals is a tough sell politically, so buying back more shares could be the logical answer, writes GinaChon.

Alphabet on July 27 reported record second-quarter revenue of $61.9 billion, a 62% increase from a year ago. Analysts expected revenue of around $56 billion, according to Refinitiv.

Also that day, Apple said that it had fiscal third-quarter sales of $81.4 billion for the three months that ended on June 26, the highest ever for the equivalent period. Analysts estimated revenue of $73.3 billion. On the same day, Microsoft reported revenue of $46.2 billion for its fourth quarter ending June 30. Analysts expected revenue of $44.2 billion.Employees stack Google products at the Google retail store in the Chelsea neighborhood of New York City, U.S., June 17, 2021.

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:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

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

The main attractions arrive: Apple, Microsoft, Google, Facebook, Amazon and Tesla headline the biggest week of earningsThe coming week will be the most important of this quarter's earnings season --- even if later weeks beat it on quantity, it will be nearly impossible to top... nice World's first big tech investment products that investors can use to express their conviction on FAANG stocks. Tickers FANG, GFAM, FTNG by GraniteShares
Source: MarketWatch - 🏆 3. / 97 Read more »