While Apple gave Wall Street a reason to cheer, the other Big Tech companies showed how challenging the economic environment has become for their businesses.
Apple’s performance during earnings this past week got a drastically different reaction from investors than its Big Tech peers Amazon, Google and Facebook.
During the quarter, Amazon held its annual Prime Day megasale, and also ratcheted up cost-cutting efforts amid rising expenses.
Apple reports fiscal Q4 2022 earnings at 4:30 p.m. Eastern time on Thursday, Oct. 27.
Shares of Meta continued to sell off on Thursday as investors and analysts digested the company’s earnings miss and weak outlook.
The fast-food giant said traffic to its U.S. restaurants is growing despite higher menu prices.
Facebook parent Meta reported earnings after the bell. Here are the results.
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