Key Takeaways and Market Reactions
‘The Magnificent 7’ earnings reveal a stark divide in Q3 2024, with tech giants delivering mixed results that have reshaped stock performance expectations.
Of the six companies reporting, Tesla‘s results sparked enthusiasm, while Apple, Microsoft, and Meta faced heightened scrutiny despite beating estimates. The initial financial analysis shows that the group maintained 30.5% earnings growth projections for Q3, though individual performances varied dramatically.
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Tech Giants’ Earnings: Impact on Stock Performance and Investor Confidence
Earnings Momentum
Meta’s earnings jumped 35.4% on 18.9% revenue growth, while Microsoft delivered 10.7% earnings growth with…
