Although Amazon showed a net operating loss during the first quarter, its cloud business showed strong growth providing some cushion to the company’s overall declining revenue.
Intel’s Client Computing Group saw a lower than expected revenue which came in at $9.29 billion.
The company did not announce any guidance for the coming quarter.
NASDAQ futures, as well as futures of other US leading indexes fell after discouraging earnings reports from tech companies.
Musk also lost over $20 billion from his net worth this week after Tesla stock declined 12% on 26th April.
Robinhood Chief Financial Officer Jason Warnick noted that the macroeconomic environment affecting customers has an impact on the company’s Q1 2022 financial performance.
Shortly after Elon Musk’s buyout, Twitter posted Q1 2022 earnings report revealing a 16% increase in revenue and 15.9% increase in mDAUs.
Compared to the 2021 Q1, PayPal spiked 13% to $323.05 billion in its total payment volume for the last quarter.
The Microsoft (MSFT) deal with Activision Blizzard is expected to close before July 2023.
Qualcomm reported a healthy set of numbers for the quarter ending March with its smartphones chip sales growing 56% year-over-year.
According to Barclays, its Q1 2022 earnings report was impacted by a number of factors, including inflation and operational bottlenecks.
Meta expects its Q2 revenue to be between $28 and $30 billion.
PINS stock jumped 8% in after-market hours as the company’s ad revenue per user was up 28% at $1.33.
Amidst the growth in revenue and user count, the company said it increased its Operating Expense which totaled €677 million in Q1, an increase of 27% when compared to the year-ago period.
Credit Suisse unveiled through the earnings report that there will be a significant change in its management moving forward.