𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗦𝗲𝗮𝘀𝗼𝗻

Yesterday evening, a lot of the world’s largest companies released their Q1 2022 earnings reports, including Amazon $AMZN (+1.9%) Apple $AAPL (+0.17%) Intel $INTC (-2.95%) and Twitter $TWTR

--Amazon shocks investors with a loss in the billions--

Amazon $AMZN (+1.9%) had a loss of $3.8 billion in the first quarter. This was due to weakening online sales and above all their depreciating stake in Rivian, which itself has lost $7.6 billion in value. The share has lost around nine percent in pre-market trading.

🟥 $AMZN (+1.9%)
Amazon.com Inc, $2,631.99 (🔽-8.99%)

Did you expect that? https://cnb.cx/3F2BDe7

--Apple can be more convincing--

Apple $AAPL (+0.17%) has, despite the global chip crisis and supply chain problems, announced increased sales and profits. The iPhone manufacturer increased their sales by 9% to $97.2 billion in comparison to Q2 2021*. They posted a net profit of $25 billion, roughly 6% more than a year before.

🟥 $AAPL (+0.17%) Apple Inc, $160.01 (🔽-2.22%)

(*Apple’s fiscal year starts in October, therefore they have published these results as Q2 2022)

Interested in Apple? https://cnb.cx/3vq1Zn5

--Twitter’s quarterly earnings slightly weaker--

The 16% increase in sales to $1.2 billion was the smallest in six quarters and missed expectations. This is not completely down to Twitter’s $TWTR management, as other social media platforms have also experienced weakened sales growth. Analysts propose that supply chain issues, inflation and the war in Ukraine are contributors to lower advertising revenues. Despite this, they have seen user growth.

🟥 $TWTR Twitter Inc, $48.80 (🔽-0.63%)

Want to read more about Musk’s new hobby? https://cnb.cx/371EGXy

--Intel wains in a ‘post-pandemic’ world--

The chip giant Intel $INTC (-2.95%) is feeling the lifting of restrictions and the move to a ‘post-pandemic’ world and its impact on the PC industry. In the first quarter, sales decreased by 7 percent to $18.4 billion. A factor for this fall is the 14% decrease in sales of laptop chips (down to $6 billion), which Intel published after-market hours on Thursday.

🟥 $INTC (-2.95%) Intel Corporation, $45.01 (🔽-3.91%)

More on Intel here: https://cnb.cx/3OJdtKe

What were your expectations? Would you have expected that from Amazon?

Feel free to comment your thoughts!

Stock data as of 09:30 CEST (after hours in the US-based exchanges, where the above-mentioned firms are listed and headquartered)