Markets react to top company earning

Note: This section contains information in English only.
Source: Dukascopy Bank SA
After the market closure on Thursday, three major companies announced their quarterly results. The announcements done by Meta, Amazon and Apple are causing major volatility in the pre-market trading.



The top market mover is Meta, as the company beat the earnings-per-share expectations by 10.54%. However, the pre-market surge of nearly 17.00% is being attributed to the fact that the company for the first time ever has announced a dividend.



In addition, the stock price of Amazon has surged almost 7.00% in pre-market trading. The company beat its earnings per share forecasts by a total of 25.85%. However, total revenues increased only 2.43%. The numbers indicate that earnings were mainly caused by cost cutting.



Meanwhile, Apple has had a bad quarter, as Chinese firms have been taking consumers from the company and United States and European buyers have stuck to older phones.



Note that the US indices surged already at 21:00 GMT on Thursday, as Dukascopy offers the trading of the next month's futures contracts. The news were already priced in the US tech and top 500 stock indices.

In general, the quarterly results of major companies have revealed that online consumption, AI and add revenues have been surging. In the meantime, the sale of physical goods has decreased. Meta, which is a pure online firm has gained massively. Apple has struggled to keep up. Amazon, which is in both businesses, has shown mixed results.
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