US stock financial report season is exploding one after another, Microsoft net profit has reached the largest decline in more than two years, Alphabet revenue and profit are not as expected, Texas Instruments released weak performance guidance...
After the US stock market on October 25, Eastern Time, Google and Microsoft announced their new quarter financial reports.
Microsoft's financial report shows that the company's profits fell in the first quarter of fiscal year 2023 and revenue growth slowed down. Operating income increased by 11% year-on-year to US$50.1 billion, and 's net profit was US$17.6 billion, down 14% year-on-year, marking the largest decline in more than two years. Microsoft said that the sharp decline in personal computer sales has affected the market's demand for Windows software, offsetting some of the market's demand for company cloud computing and other enterprise services . After the financial report was released, Microsoft's stock price decline once widened to 6.65%.
Alphabet, parent company of digital advertising giant Google, has also performed poorly, with quarterly revenue and profits that are worse than expected by Wall Street , highlighting the blow to advertising demand by macroeconomic . After the financial report was announced, Alphabet, which closed up 1.9%, plunged after the U.S. stock market, and now fell by nearly 7% after the market.
is regarded as a barometer of the semiconductor industry. Texas Instruments (TI), a chip giant that is regarded as a barometer of the semiconductor industry, although earnings per share and revenue exceeded expectations, but Q4 performance guidance was lower than expected. shows that the slump in the semiconductor industry is spreading to areas outside computers and mobile phones. Affected by this news, Texas Instruments fell 5.06% after the market. The performance of large technology companies that dominate
declined, causing a large-scale selling of technology stocks in the US stock market. followed Alphabet, with online advertising platforms Meta and Pinterest falling more than 4% after the market; in the software company field, Datadog fell nearly 7% after the market, and Snowflake fell 5% after the market; closely followed Texas Instruments, analog chip stocks Adno Semiconductor and Meiman Electronic Technology also fell to varying degrees after the market.
Invesco QQQ (Invesco QQQ Trust) fell 2.09% in after-hours trading on Tuesday, and the fund tracks the Nasdaq 100 index, which tech stocks occupy a larger weight. This decline has caused widespread concern among investors, who are worried that the tech benchmark index may not be able to easily recover from the huge losses this year after it plummeted by 30%. The Nasdaq 100 index has fallen by 25% this year.
For US stocks, which have been hit by the severe market environment this year, this round of financial report season = mine array, brings new tests.
has disclosed financial reports "mines", Nestlé sales declined in the third quarter, and the company's profit margin began to be under pressure due to the increase in costs; the net profit of the US sports shoe giant Nike in the latest fiscal quarter fell by 22% year-on-year; while the German sports brand giant Adidas declined even harder, and it issued a profit warning for the second time in three months.
Previous article analysis pointed out that FactSet data showed that Wall Street analysts' lowered earnings expectations for the third quarter report of US stocks was the largest since the outbreak of the epidemic in 2020. At the end of March, analysts expected the company's third-quarter profit to rise by 9.5% from the same period last year, but now it is expected to increase by only 1.5%.
Many market observers believe that earnings expectations for U.S. stocks’ financial report will be further lowered, especially next year’s expectations. Analysts expect that the profits of the S&P 500 component company will grow by only about 7% year-on-year in 2023.
This article comes from Wall Street News, welcome to download the APP to view more
