Big Tech Earnings Show Mixed Results Amid Consumer Pressure

Reported 2 months ago

In recent quarterly earnings reports, Apple surpassed revenue and earnings expectations, while Amazon missed revenue but exceeded profit predictions, reflecting consumer pressures from inflation. Coinbase's revenue doubled year-on-year but fell short of Wall Street's projections. Additionally, fintech companies like Block and MicroStrategy did not meet revenue expectations, highlighting challenges in the financial technology sector.

Source: YAHOO

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