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Business figures from tech firms exceed expectations

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Meta, Apple and Amazon reported excessive billion-dollar earnings for the previous quarter. Meta boss Mark Zuckerberg speaks of an “astonishingly good year”; At Amazon, the Christmas enterprise resulted in good points. The inventory markets reacted promptly to the numbers.

DThe US expertise firms Meta, Apple and Amazon exceeded expectations with their enterprise figures within the fourth quarter of 2023. On Thursday, Meta reported a revenue of $14 billion (round 12.9 billion euros) within the fourth quarter, Amazon reported a revenue of $10.6 billion and Apple reported $33.9 billion.

Meta CEO Mark Zuckerberg spoke of a “good quarter” and an “astonishingly good year”. The gross sales of the guardian firm of Facebook and Instagram rose to 40.1 billion {dollars}. After the figures have been introduced, the group's shares rose by 14 p.c in after-hours buying and selling in New York.

Amazon's shares additionally rose because of the good numbers. The on-line retailer reported gross sales of $170 billion within the fourth quarter, which was due, amongst different issues, to excellent Christmas enterprise.

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From October to December 2023, Apple recorded development for the primary time shortly with gross sales of $119.6 billion. iPhone gross sales accounted for $69.7 billion of that. However, gross sales within the essential gross sales market of China fell. Apple shares fell 0.9 p.c in after-hours buying and selling.

The firms' good figures have been additionally noticeable on the US inventory exchanges. The good points on Wall Street and the Nasdaq inventory exchanges have been boosted by sturdy expertise shares once more.

The Dow ended buying and selling on Thursday with a acquire of 0.97 p.c to 38,519.84 factors. The S&P 500 recovered 1.25 p.c to 4906.19 factors on Thursday. On the technology-heavy Nasdaq inventory alternate, the Nasdaq 100 choice index rose by 1.21 p.c to 17,344.71 factors.

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