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Alphabet
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 GAAP EPS of $1.55 beats by $0.10.
Revenue of $76.79B (+11.1% Y/Y) beats by $980M.
Net sales by category:
Google Search & Other: $44.03B (11.4 Y/Y %)
YouTube Ads: $7.95B (12.4 Y/Y %)
Google Network: $7.66B (-2.7 Y/Y %)
Google Other: $8.34B (21.0 Y/Y %)
Google Cloud: $8.41B (22.6 Y/Y %)
Microsoft
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q1 GAAP EPS of $2.99 beats by $0.34.
Revenue of $56.5B (+12.8% Y/Y) beats by $1.95B.
Revenue in Productivity and Business Processes was $18.6 billion and increased 13% (up 12% in constant currency)
Revenue in Intelligent Cloud was $24.3 billion and increased 19%
Revenue in More Personal Computing was $13.7 billion and increased 3% (up 2% in constant currency)
Teladoc
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 GAAP EPS of -$0.35 beats by $0.02.
Revenue of $660.24M (+8.0% Y/Y) misses by $2.82M.
Access fees revenue grew 8% to $582.1 million and other revenue grew 10% to $78.2 million.
U.S. revenue grew 7% to $569.3 million and International revenue grew 17% to $90.9 million.
Teladoc Health Integrated Care segment revenue increased 9% to $374.4 million in the third quarter of 2023 and BetterHelp segment revenue increased 8% to $285.8 million.
Q4 Outlook: Revenue $658 - $683 million; Adjusted EBITDA $107 - $117 million; Net loss per share ($0.33) - ($0.23); U.S. Integrated Care Members 89 - 90 million.
2023 Outlook: Revenue $2,600 - $2,625 million; Adjusted EBITDA $320 - $330 million; Net loss per share ($1.50) - ($1.40); U.S. Integrated Care Members 89 - 90 million.
Meta Platforms
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 GAAP EPS of $4.39 beats by $0.76.
Revenue of $34.15B (+23.2% Y/Y) beats by $700M.
Family daily active people (DAP) – DAP was 3.14 billion on average for September 2023, an increase of 7% year-over-year.
Family monthly active people (MAP) – MAP was 3.96 billion as of September 30, 2023, an increase of 7% year-over-year.
Facebook daily active users (DAUs) – DAUs were 2.09 billion on average for September 2023, an increase of 5% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 3.05 billion as of September 30, 2023, an increase of 3% year-over-year.
Ad impressions and price per ad – In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6% year-over-year.
4 Stocks to Buy in September
Tesla
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 Non-GAAP EPS of $0.66 misses by $0.07.
Revenue of $23.35B (+8.9% Y/Y) misses by $790M.
Intel
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 Non-GAAP EPS of $0.41 beats by $0.19.
Revenue of $14.16B (-7.7% Y/Y) beats by $560M.
Fourth-quarter revenue of $14.6 billion to $15.6 billion vs. consensus of $14.35B, EPS attributable to Intel of $0.23 and non-GAAP EPS attributable to Intel of $0.44 vs. consensus of $0.32.
Amazon
For the transcript and press release click HERE
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Revenue of $143.1B (+12.6% Y/Y) beats by $1.54B.
North America segment sales increased 11% year-over-year to $87.9 billion.
International segment sales increased 16% year-over-year to $32.1 billion, or increased 11% excluding changes in foreign exchange rates.
AWS segment sales increased 12% year-over-year to $23.1 billion.
Fourth Quarter 2023 Guidance
Net sales are expected to be between $160.0 billion and $167.0 billion vs $167.04B consensus, or to grow between 7% and 12% compared with fourth quarter 2022.
Enphase
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 Non-GAAP EPS of $1.02 beats by $0.02.
Revenue of $551.08M (-13.2% Y/Y) misses by $15.72M.
Free cash flow of $122.0 million; ending cash, cash equivalents, and marketable securities of $1.78 billion
For the fourth quarter of 2023, Enphase Energy estimates both GAAP and non-GAAP financial results as follows:
Revenue to be within a range of $300.0 million to $350.0 million, which includes shipments of 80 to 100 megawatt hours of IQ Batteries
GAAP gross margin to be within a range of 46.0% to 49.0% with net IRA benefit and 38.0% to 41.0% before net IRA benefit
Non-GAAP gross margin to be within a range of 48.0% to 51.0% with net IRA benefit and 40.0% to 43.0% before net IRA benefit.
Netflix
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 GAAP EPS of $3.73 beats by $0.23.
Revenue of $8.54B (+7.7% Y/Y) in-line.
Global streaming paid memberships: +8.76M to 247.15M. Q4 Guidance: Revenue of $8.69B vs. $8.54B consensus, EPS of $2.15 vs. $2.20 consensus.
ASML
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 GAAP EPS of €4.81.
Revenue of €6.7 billion (+15.5% Y/Y).
Quarterly net bookings in Q3 of €2.6 billion of which €0.5 billion is EUV.
Outlook: ASML expects Q4 2023 net sales between €6.7 billion and €7.1 billion, gross margin between 50% and 51% and expects R&D costs of around €1,030 million and SG&A costs of around €285 million.
ASML confirms its expectation to grow net sales towards 30% in 2023.
AT&T
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 Non-GAAP EPS of $0.64 beats by $0.02.
Revenue of $30.35B (+1.0% Y/Y) beats by $110M.
The company reported a 2.4% increase in cash from operating activities to $10.3B, and a $1.5B increase YTD.
It also reported a $5.2B increase in free cash flow to $1.3B Y/Y, and expects a full-year free cash flow of around $16.5B, compared to prior guidance of $16B or better.
Verizon
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 Non-GAAP EPS of $1.22 beats by $0.04.
Revenue of $33.33B (-2.7% Y/Y) in-line.
Total broadband net additions of 434,000, representing the fourth consecutive quarter that Verizon reported more than 400,000 broadband net additions.
Total broadband net additions included 384,000 fixed wireless net additions, an increase of 42,000 fixed wireless net additions from third-quarter 2022.
Verizon now has approximately 10.3 million total broadband subscribers, including nearly 2.7 million subscribers on its fixed wireless service.
FY2023 Outlook: Capital spending to be at the higher end of the previously guided range of $18.25 billion to $19.25 billion
Cash flow from operations in the range of $36.25 billion to $37.25 billion
Free cash flow above $18 billion, a $1 billion increase from the previously issued guidance
Adjusted EBITDA1 of $47.0 billion to $48.5 billion
Adjusted EPS of $4.55 to $4.85.
TSMC
For the transcript and press release click HERE
I’ve also covered it on my channel in detail.
Q3 GAAP EPADR of $1.29 beats by $0.13.
Revenue of $17.28B (-14.6% Y/Y) beats by $580M.
In the third quarter, shipments of 3-nanometer accounted for 6% of total wafer revenue; 5- nanometer accounted for 37%; 7-nanometer accounted for 16%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 59% of total wafer revenue.