After a while of trading, the S&P 500 index was up 0.6 percent, the Dow Jones index was up 0.6 percent, and the Nasdaq index was up 0.7 percent.
Chevron, one of the world’s largest oil companies, published its third quarter interim report on Friday.
Chevron’s result exceeded analysts’ forecasts in terms of both profit and revenue.
The company’s adjusted earnings per share in the third quarter were $2.51, while the analyst consensus collected by LSEG predicted earnings per share of $2.43.
Revenue was $50.7 billion, compared to analysts’ expectations of $48.99 billion.
Known for its online store Amazon announced yesterday after the close of trading, its earnings report that exceeded analysts’ forecasts.
Amazon’s earnings per share increased to $1.43 in the third quarter from $0.94 in the comparison period. Factsetin according to the compiled analyst forecast, the expectation was $1.15.
Amazon made a turnover of 158.9 billion dollars, while in the comparison period a year ago, the turnover accumulated was 143.1 billion dollars. Analysts expected revenue of $157.3 billion.
In Amazon’s earnings report, one of the key objects of scrutiny is the company’s cloud service platform Amazon Web Services, or AWS. Its net sales increased by 19 percent to 27.5 billion dollars from 23.1 billion dollars in the comparison period. The expectation was only slightly more, 27.6 billion dollars.
After the start of trading, Amazon’s stock rose by more than 7 percent.
Also a tech giant Apple published its results report yesterday after the stock market closed.
Apple increased its revenue in the fourth quarter of its fiscal year to 94.9 billion dollars from 89.5 billion dollars last year.
The company’s net profit fell to 14.8 billion dollars from 23 billion dollars last year. The reason is a one-time tax penalty of 10.2 billion dollars related to Ireland.
The consensus of 40 analysts gathered by the Factset information service expected Apple’s turnover to increase to 94.5 billion dollars in July-September. The net result was expected to increase to 24.4 billion dollars.
Apple’s stock was in a downward trend after trading for a while.
Source: www.arvopaperi.fi
