Top Stories From The Week Ending January 30: Apple Earnings And More

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Monday

Advanced Micro Devices, Inc. AMD buyout rumors: On Monday, shares of Advanced Micro rose more than 5 percent amid rumors that China’s BLX IC Design Corporation is interested in acquiring the company. Shares then added another 3 percent on Wednesday rising to a high price of $2.84 per share. Shares have cooled off, ending the week at $2.57 per share.

Tuesday

Apple Inc. AAPL financial results: Apple announced record first quarter 2015 earnings of $3.06 per share and record revenue of $74.6 billion, beating top and bottom line estimates. Highlights from the earnings report include: record revenue from iPhone and Mac sales, EPS growth of 48 percent year-over-year, and second-quarter revenue guidance between $52 and $55 billion versus $53.79 billion consensus.

Following the announcement, shares of Apple gained roughly 6 percent.

Wednesday

Facebook Inc FB financial results: Facebook announced fourth-quarter earnings of $0.54 per share and revenue of $3.85 billion, beating analysts expectations for both metrics. Other notable fourth quarter metrics include a 55 percent increase in average revenue per user (ARPU) year-over-year and 22 percent sequential advertising revenue growth

Shares of Facebook fell roughly 3 percent following the report.

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FOMC Meeting: The U.S. Federal Reserve continues to leaving rates unchanged and repeats it can be patient in starting to raise rates. Other notable rhetoric included: timing of rate hikes continues to depend on incoming information; will continue to reinvest maturing QE bonds.

Thursday

Amazon.com, Inc. AMZN financial results: Despite missing revenue estimates, the company beat earnings estimates significantly, reporting earnings of $0.45 per share versus $0.17 estimates, which appeared to be what the Street was hoping for as shares of Amazon rose roughly 14 percent following the report and continued to hold its gains on Friday.

Google Inc GOOG financial results: For the third quarter, Google reported earnings per share of $6.88 on revenue of $18.17 billion. Following the report, shares of Google quickly dropped roughly 5 percent to $485 per share. However, shares began to steadily climb and have gained back the losses, trading around $536 per share, up roughly 5 percent from Thursday’s close.

Friday

GDP: On Friday, the Bureau of Economic Analysis released the first round of preliminary data on the U.S. Gross Domestic Product. On the first of three surveys, U.S. GDP annual growth in the fourth quarter was 2.6 percent compared to what analysts were expecting (3.0 percent).

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Posted In: EarningsRumorsEcon #sAfter-Hours Center
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