Five major U.S. tech companies released their third-quarter earnings reports after the closing bell on Thursday, each with a similar story to tell about how the coronavirus pandemic is driving sales and user growth to their respective products and services. Here’s a rundown of how each company performed:
- Total Revenue: $96.1 billion, up 37%
- AWS revenue: $11.6 billion, up 29%
- Earnings per share: $12.37
- Bottom line: Amazon beat consensus estimates on earnings and revenue, but it estimated $4 billion in costs related to the coronavirus pandemic in the fourth quarter. Shares were down slightly in after-hours trading.