US tech companies report mixed results

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

Nigeria News News

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.

 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

US stocks extend sell-off over Covid-19 and election worriesShares of hotels, airlines and other companies sensitive to Covid-19-related turmoil fall
Source: BDliveSA - 🏆 12. / 63 Read more »