Friday’s Headlines: Apple Impresses Again

Friday’s Headlines: Apple Impresses Again

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

ServiceNow (NOW) +9.1%

Netflix (NFLX) +7.5%

Ericsson (ERIC) +2.3%

Intuit (INTU) +1.9%

MercadoLibre (MELI) +1.7%

Moving Down ⬇️

Tesla Motors (TSLA) -11.6%

Nautilus (NLS) -8.1%

Bumble (BMBL) -7.6%

Upstart Holdings (UPST) -6.2%

Shopify (SHOP) -6.1%

1. Apple (AAPL) posted a highly impressive earnings report yesterday after the markets closed. The Cupertino-based company reported its largest quarter ever in terms of revenue, with sales growing by 11% year-over-year (YoY) to $123.9 billion. Earnings per share (EPS) came in at $2.10 versus an expected $1.89. The company, in fact, beat analyst estimates for sales of every single category other than its iPad offering which fell by 14% in comparison to last year. As has become a trend for Apple, no official guidance was given for the rest of the year — a stance that has been maintained since the beginning of the pandemic. Read more here.

2. Atlassian (TEAM) shares jumped as much as 10% in extended trading yesterday following a stellar earnings report. The software company posted EPS of $0.50 versus an expected $0.39, on revenue of $688.5 million against a predicted $641.3 million. The company managed to grow revenue by an impressive 37% for the quarter, and expects subscription revenue for the full fiscal year to rise by roughly 50%. Next month will also see the firm raise prices on its server and data center products in a move that is expected to bolster the financial potential of these areas. Read more here.

3. Disney (DIS) has announced plans to massively expand its Disney+ streaming service into 42 additional countries and 11 territories. The company will target Europe, Africa, and the Middle East as part of this expansion but has yet to outline a concrete timeline for the rollout. As part of its lofty plans, Disney is looking to more than double the number of countries it currently provides Disney+ to by its fiscal 2023. With the company reporting over 179 million total subscribers at the end of its fiscal 2021, this enhanced global reach could provide a huge boost to both subscriber numbers and recurring revenue. Its largest rivals, Netflix (NFLX) and Amazon (AMZN) Prime, both have much more coverage globally with Disney eager to catch up. This move could see the gap close between these heated rivals. Read more here.

Some more earnings from last night:

Axos (AX)
Axos Financial posted quarterly earnings of $1.04 per share yesterday, beating analyst estimates of $0.98. This marks the fourth quarter in a row that the company has outpaced analyst expectations for EPS. However, the firm just missed on revenue by 0.87%, posting $176.36 million for the quarter.

Mastercard (MA)
Mastercard posted a solid earnings beat yesterday, reporting EPS of $2.35 against a predicted $2.21, on revenue of $5.2 billion. Improving spending levels as pandemic fears began to ease benefitted the company, while cross-border payments rose by 53% to give overall revenue a much-needed boost.

One company on the MyWallSt shortlist will report earnings today:

Gentex (GNTX)

Get this week’s full earnings calendar here.

Pádraig BolgerPádraig Bolger

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