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Apple (AAPL) is a high-tech company with a high-income potential.
The start of a crucial week for IT firm earnings releases has begun.
Facebook reported revenue of $29.01 billion in the third quarter of this year, up 35 percent from the same period in 2020.
Microsoft Corp. had sales of $45.3 billion in the first quarter of fiscal 2022, up 22% from the same period a year ago, and net income of $20.5 billion, up 48 percent year on year, in the quarter ended September 30, 2021, while operating income was $20.2 billion, up 27% year on year. The company’s diluted earnings per share were $2.71, up 49% from the first three months of the fiscal year 2021.
Alphabet Inc. announced $65.1 billion in third-quarter earnings, exceeding projections of $63.3 billion and up 41% from the same quarter in 2020. Diluted earnings per share (EPS) came in at $27.99, much above the $23.48 forecast and up 70.6 percent year over year. The company’s net profit increased by 68.7% year over year to $18.9 billion.
Twitter Inc. reported $1.28 billion in sales in the third quarter of 2021, a 37 percent rise year over year but still short of forecasts. On the other hand, it reported a $743 million operating loss and a $537 million net loss, both of which were lower than the operating income and net income reported in the same period in 2020. Meanwhile…