Tech Earnings Hit by Volatile Markets

Earnings season round-up: FAANGS share prices hit by October sell-off, while Microsoft overtakes Amazon and Netflix outperforms

James Gard 2 November, 2018 | 10:23AM
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Netflix

US tech giants released earnings this October in one of the most volatile stock market periods in many years. The last earnings season saw Amazon (AMZN), Apple (AAPL) and Google parent company Alphabet (GOOGL) outperform Facebook (FB) and Netflix (NFLX), the fellow members of the FAANG acronym.

This quarter was less predictable and threw up a number of surprises, not least being solid performer Microsoft (MSFT) overtake Amazon in market value. Netflix and Twitter (TWTR) also defied expectations of another tricky quarter for these challenger tech firms. Amazon and Apple were punished by the market for lowering forecasts for the currect quarter, which includes the key festive season.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A2,924.35 USD4.96Rating
Amazon.com Inc3,392.49 USD0.49Rating
Apple Inc148.85 USD-0.31Rating
Facebook Inc A312.22 USD-1.14Rating
Microsoft Corp323.17 USD4.21Rating
Netflix Inc662.92 USD-0.84Rating
Twitter Inc54.81 USD-10.78Rating

About Author

James Gard  is content editor for Morningstar.co.uk