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Facebook Apple and Amazon, big winners from the pandemic

2020-07-30T21:31:27.275Z


Contrary to much of today's economies, affected by the coronavirus epidemic, these tech giants are almost ignoring


Coronavirus pandemic or not, Facebook is not experiencing the crisis. The American social network saw its turnover increase by 11% in the second quarter, to 18.7 billion dollars. A result higher than analysts' expectations.

Facebook's net profit has almost doubled to more than $ 5 billion, thanks to the comparison with that published in July 2019 when the social network had to pay a record fine imposed by the American authorities.

An American stock market in scattered order

The American giant, which is the subject of numerous criticisms and surveys on its economic model, saw its title jump by 7% during electronic exchanges after the close of the Stock Exchange. The New York Stock Exchange also ended in dispersed order on Thursday, torn between the historic fall in the GDP of the United States in the second quarter, synonymous with official entry into recession, and the good health of the technological giants.

The equity market was supported by the solid session of Alphabet, the parent company of Google (+ 0.98%), Amazon (+ 0.60%), Facebook (+ 0.52%) and Apple (+ 1, 21%), the four American Internet pillars who reported their quarterly health checks after the close.

Apple and Amazon in good health, Alphabet a little less

Apple has indeed largely thwarted the expectations of the market by announcing this Thursday a growth of 11% over one year, its revenues in the third quarter of its staggered fiscal year (to $ 59.7 billion) visibly little affected by the repercussions of the Covid-19 pandemic. The company also announced a stock split to make the stock accessible to a wider range of investors. Net profit of Amazon, an e-commerce giant that increased its delivery capacity by 160% during the crisis, doubled to $ 5.2 billion in the second quarter.

For its part, Alphabet, the parent company of Google, saw its net profit fall and its turnover decline in the second quarter of fiscal 2020, but its results nevertheless remain better than expected. The net profit of the online search and advertising giant hit $ 6.96 billion, almost three billion lower than a year earlier.

Its turnover fell some 2% to $ 38.3 billion. That's a billion more than Wall Street expected and at $ 10.13, earnings per share are well above expectations.

Source: leparis

All business articles on 2020-07-30

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