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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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
Alphabet Inc A2,786.17 USD1.35Rating Inc3,376.07 USD1.68Rating
Apple Inc149.32 USD0.46Rating
Facebook Inc A315.81 USD-3.92Rating
Microsoft Corp310.11 USD0.64Rating
Netflix Inc668.52 USD-0.47Rating
Twitter Inc61.43 USD-1.09Rating

About Author

James Gard  is content editor for