Earnings Reactions: Alphabet, Microsoft, and Texas Instruments Beat Estimates
- July 25th, 2023
- 461 views
Alphabet Inc. (Nasdaq: GOOG) (Nasdaq: GOOGL) reported better-than-expected second-quarter 2023 earnings per share (EPS) of $1.44 and revenue of $74.604 billion, while analysts were expecting an EPS of $1.34 on revenue of $72.82 billion.
In after-hours trading, $GOOG surged 5.97% to $130.12, and $GOOGL rose 6.37% to $130.00.
Microsoft Corporation (Nasdaq: MSFT) posted fourth-quarter fiscal 2023 EPS of $2.69 and revenue of $56.2 billion, beating the consensus EPS estimate of $2.29 on revenue of $49.86 billion.
However, in after-hours trading, $MSFT dropped 3.56% to $338.50.
Texas Instruments Incorporated (Nasdaq: TXN) delivered second-quarter 2023 EPS of $1.87 and revenue of $4.53 billion, exceeding the consensus EPS estimate of $1.76 on revenue of $4.36 billion.
The company's Q3 outlook projects revenue in the range of $4.36 billion to $4.74 billion and EPS between $1.68 and $1.92. Analysts expect EPS of $1.91 on revenue of $4.6 billion for the same period.
$TXN declined 3.55% to $179.47 in after-hours trading.
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