Apple Third Quarter Results Completes Big Tech Earnings Season

Apple had decent Q3 results relative to expectations. Facebook, Microsoft and Amazon had the best big tech results.

APPLE EARNINGS JUST OUT $AAPL

*APPLE 4Q REV. $89.50B, EST. $89.35B ( BEAT ✅ )

*APPLE 4Q EPS $1.46, EST. $1.39 ( BEAT ✅ ) pic.twitter.com/ppM6HTjqLH

— GURGAVIN (@gurgavin) November 2, 2023

Q3 Revenue Growth, YoY % Change…

Facebook $META: +23%

Microsoft $MSFT: +13%

Amazon $AMZN: +13%

Google $GOOGL: +11%

Tesla $TSLA: +9%

Netflix $NFLX: +8%

S&P 500 $SPY: +5%

AMD $AMD: +4%

Apple $AAPL: -1%

— Charlie Bilello (@charliebilello) November 2, 2023

Facebook’s Q3 revenues increased 23% over the prior year to a new quarterly high of $34.2 billion. This was the highest revenue growth since Q3 2021. Net income increased 164% YoY to a record $11.6 billion. Guidance for Q4 revenues: $36.5-$40 billion. $META pic.twitter.com/IYd0rRPY6A

— Charlie Bilello (@charliebilello) October 26, 2023

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