From Nasdaq:

The 2023 Q4 earnings season is underway, offering investors a glimpse behind the scenes at companies’ performance. Meta Platforms (META) saw its shares rise post-earnings, with $40.1 billion in sales, a 25% year-over-year increase, and other strong figures. Apple (AAPL) faced selling pressure due to concerns about demand in China, posting $119.6 billion in revenue, a 2% increase year-over-year, and other positive results.

Meta Platforms delivered strong Q4 results, with $40.1 billion in sales, a 25% year-over-year increase, improved operations, and expanded advertising business. The company also announced its first-ever dividend and posted a significantly higher operating margin, impressing investors.

Apple reported record EPS, a 16% year-over-year increase, and $23.1 billion in Services revenue, but the negative reaction against shares can be attributed to lingering worries about demand in China and the company’s recent streak of negative year-over-year revenue growth rates.

The Q4 earnings results show diverging performances for Meta Platforms and Apple. META’s shares surged on a dividend announcement and strong profitability, while AAPL faced pressure due to concerns about demand in China.

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Read more: What’s Going On With Meta and Apple Shares?