Apple, Amazon, Meta: What to Expect from Earnings

From Morningstar:

Amazon, Meta, and Apple report earnings after hours Thursday. Focusing on growth of Amazon Web Services, advertising, e-commerce, and profitability. Amazon guides one quarter at a time, expecting guidance to be mostly in line for revenue and a little better for profitability.

Apple’s earnings will focus on iPhone sales, Apple Watch sales in light of an ongoing patent dispute, and a new augmented reality headset, Vision Pro to ramp up over the next five years.

Meta’s focus in earnings will be on user growth, engagement, and monetization, revenue generated from Reels, artificial intelligence tools, and indications of cost controls remaining intact. Morningstar has also projected a slowdown in U.S. economic growth in 2024.



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