Please select the second broker

Author: Alan LittleDate: 2021-10-28

Alphabet (GOOGL) and Microsoft (MSFT) shares up 4% on Q3 reports

Google parent Alphabet (GOOGL) and Microsoft (MSFT) both made gains on Wednesday while Twitter (TWTR) slumped following the release of respective Q3 reports.

Investors were making sense of a flurry of Q3 reports from the world’s biggest companies on Wednesday as Google parent Alphabet (GOOGL), Microsoft (MSFT) and Twitter (TWTR) shares all fluctuated on the latest financial results.

Alphabet and Microsoft looked set for the most gains after both tech giants came in with earnings and revenue beats, while Twitter fell sharply during early trading following a narrow revenue miss.

Apple’s (AAPL) changes to how data is tracked and collected in iOS was again a hot talking point after Snap (SNAP) and Facebook (FB) both said that it had caused disruption to their ad environments earlier this week.

Alphabet admitted that there was “modest impact” to its ad revenues on YouTube, and it was perhaps no surprise that the $7.20bn return from that segment fell short of the $7.4bn consensus.

Alphabet delivered top and bottom line beats though with $27.99 earnings per share and $65.12bn revenue versus the $23.48 and $63.34bn Wall Street consensus.

The story was similar for Microsoft, which posted $2.27 EPS, 20 cents up on estimates, and $45.32bn revenue against the $43.97bn expectations.

Twitter weathered the iOS privacy changes the best as its revenues surged 37% to $1.284bn, though that figure was just short of the $1.285bn forecasts.

The social media site also came in with $0.18 EPS, which did top the $0.15 consensus, but the number of monetizable daily active users (mDAUS) underwhelmed at 211 million versus the 211.9 million forecast.

Twitter shares slumped 9.38% to $55.66 in New York in midweek as investors headed to the sidelines.

In contrast, Alphabet jumped 4.85% to $2,921.16 and Microsoft climbed 4.22% to $322.83 on the Nasdaq.

Scam Brokers, Broker Complaints

Are you aware of a scam broker or want to make a broker complaint?

We want our site users to find good brokers to trade through and to be warned off bad brokers. We encourage you to use our complaints tool to let us know about your experiences.

We have categorised the common complaints to make it easier for you and we have provided some guidance on what you may want to try before submitting a complaint, if our suggestions do not provide you with a resolution then by submitting a complaint, our team will attempt to take up your case with the relevant Broker and if needed, submit a formal report to the regulators.

We use the information you give us to decide if we want to continue to promote a broker on our site.

Your scam broker complaint not only helps you, it helps others and it helps us determine if we continue to support the broker.