Google’s (NASDAQ:GOOGL) cloud business suffered a blow amid its intensifying rivalry with Zoom Video (NASDAQ:ZM).
Western Digital (NASDAQ:WDC) posted its financial results for the third quarter of fiscal 2020 on Thursday after the market bell.
Amazon reported $75.5 billion in revenue, which was an increase of 26% YoY (year-over-year) and beat the consensus estimate at $74.2 billion.
Comcast reported an adjusted EPS of $0.71 compared to $0.76 in the first quarter of 2019. The earnings beat analysts’ consensus estimate.
Apple’s earnings report delivered $58.3 billion in revenue, which increased by 1.0% YoY. The revenue beat the consensus estimate
Twitter stock fell over 6% during the trading session today. There was been a lack of recovery signs in the advertising business in the earnings report.
Spotify stock rose on Wednesday after the company reported upbeat results for the first quarter of 2020. The stock has grown around 14.7% in the past year.
Today, Amazon (NASDAQ:AMZN) plans to release its results for the first quarter of fiscal 2020, which ended in March, after the market close.
Microsoft posted its results for the third quarter of fiscal 2020 on Wednesday after the market close. The stock rose about 5% in after-hours trading.