Markets saw a busy week with tech giants like Microsoft, Alphabet, Meta, Apple, and Amazon reporting third-quarter earnings. Analysts expect a 10.7% jump in earnings per share, marking the fourth consecutive quarter of double-digit growth. AI players will continue to report results, revealing insights into AI demand and spending trends.

Apple beat Q4 estimates with strong earnings, but iPhone revenue fell short. Amazon’s stock spiked after AWS revenue surged 20%. AbbVie beat on earnings but saw declines in Humira sales. Cloudflare shares rose after a strong sales outlook. Charter lost more broadband customers than expected due to increased competition.

Exxon and Chevron posted strong earnings, with production upticks in key areas. Coinbase reported higher revenue due to a crypto market upswing. Reddit’s Q3 revenue exceeded estimates, but user growth slowed. Strategy stock rose as they strengthened bitcoin holdings. Apple’s CEO promises record-high December revenue.

Altria’s earnings suffered from declining cigarette sales. Crocs stock jumped after announcing cost-saving measures. Hershey’s earnings beat expectations but stock fell on tariff concerns. Roblox raised annual bookings forecast. Merck’s earnings beat, but stock fell as key patents expire. Stay updated on the latest financial news with Yahoo Finance.

Read more at Yahoo Finance: Amazon stock soars, Apple pares gains with earnings from AI players to come