![]() ![]() ![]() Story continues Upcoming Earnings to WatchĪ chunk of technology companies is set to report their earnings results over the next couple of weeks. The healthcare and travel verticals were the largest positive contributors to ad revenue growth in the reported quarter, fully offset by weakness in online commerce, gaming and financial services. Meta's third-quarter 2022 advertising revenues (down 3.7% year over year) suffered from weak advertising demand. The Google parent witnessed sluggishness in YouTube ads and Google Network due to a slowdown in digital advertisement that also severely impacted its peer Meta Platforms. PC shipment declines, along with slowing cloud business, negatively impacted Microsoft's first-quarter fiscal 2023 results.Īlphabet also cautioned about slowing cloud growth. Apple witnessed a 15.6% decline, much better than HP and Dell. Lenovo, HP and Dell Technologies witnessed 15.3%, 27.9% and 21.1% declines, respectively. Per Gartner's latest report, 68 million PCs were shipped in the third quarter (ended in September) of 2022, down 19.5% from the year-ago period. Technology giants like Microsoft and Alphabet reported unenthusiastic earnings results, while Meta Platforms disappointed.Īpple was exceptional, reporting strong fiscal fourth-quarter results, with record revenues and earnings, driven by steady sales of iPhone and a jump in Mac sales (25.4% year over year) despite slumping PC shipments globally. ![]()
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