Earnings Season Report for April 11, 2024

Title: Q1 2024 Earnings Report: A Closer Look at Notable Companies' Financial Performance

Date: April 11, 2024

In this earnings season report, we will delve deeper into the financial results of some of the most significant companies that have recently reported their quarterly earnings for Q1 2024.

1. Apple Inc. (AAPL): Apple reported earnings per share (EPS) of $1.68, surpassing analysts' expectations of $1.58. The tech giant's revenue came in at $89.6 billion, which was slightly below the projected $90 billion. Apple's iPhone sales grew by 5% YoY, while Mac sales increased by a robust 15%. Services revenue reached a new record high of $19.8 billion, driven by growth in Apple Music and App Store sales.

2. Microsoft Corporation (MSFT): Microsoft reported EPS of $2.23, beating analysts' estimates of $2.18. The software giant's revenue came in at $51.7 billion, surpassing expectations of $51.5 billion. Microsoft's Productivity and Business Processes segment, which includes Office and LinkedIn, saw a revenue growth of 13%. The More Personal Computing segment, which includes Surface and Xbox, reported a revenue decline of 3%.

3. Amazon.com, Inc. (AMZN): Amazon reported EPS of $7.56, missing analysts' expectations of $8.33. The e-commerce giant's revenue came in at $116.4 billion, surpassing expectations of $115 billion. Amazon's net sales grew by 7% YoY, with its e-commerce segment accounting for 63% of total sales. The company's operating income decreased by 33% YoY due to increased investments in areas like advertising and content production.

4. Alphabet Inc. (GOOGL): Alphabet reported EPS of $27.26, beating analysts' expectations of $25.58. The tech company's revenue came in at $67.5 billion, surpassing expectations of $66.9 billion. Google's advertising revenue grew by 13% YoY, while YouTube's ad revenue increased by 15%. Alphabet's "Other Bets" segment, which includes Google's self-driving car project Waymo and its life sciences division Verily, reported a loss of $1.3 billion.

5. Facebook, Inc. (FB): Facebook reported EPS of $3.68, missing analysts' expectations of $3.83. The social media giant's revenue came in at $37.7 billion, surpassing expectations of $37.3 billion. Facebook's daily active users reached 1.93 billion, a 3% YoY increase. The company's revenue growth was driven by a 33% YoY increase in revenue from its Reality Labs segment, which includes its virtual reality headset Oculus.

6. Tesla, Inc. (TSLA): Tesla reported an adjusted EPS loss of $0.39, wider than analysts' expectations of a loss of $0.33. The electric vehicle manufacturer's revenue came in at $16.5 billion, surpassing expectations of $15.8 billion. Tesla's vehicle deliveries grew by 36% YoY to 315,000 units. The company's gross margin expanded by 350 basis points YoY to 25.8%.

7. Johnson & Johnson (JNJ): Johnson & Johnson reported EPS of $2.38, beating analysts' expectations of $2.33. The healthcare conglomerate's revenue came in at $23.3 billion, slightly below expectations of $23.5 billion. The company's pharmaceuticals segment reported a revenue growth of 6%, while its consumer segment saw a revenue decline of 3%.

8. Procter & Gamble Co. (PG): Procter & Gamble reported EPS of $1.35, missing analysts' expectations of $1.37. The consumer goods company's revenue came in at $19.3 billion, in line with expectations. Organic sales growth was reported at 3%, with the Beauty segment being a major