Meta reported yesterday after the close of the market and demonstrated their continue dominance in the social media world with strong earnings and revenue.
EPS Normalized Actual $2.98 (Beat by $0.09)
EPS GAAP Actual $2.98 (Beat by $0.07)
Revenue Actual $32.00B
Revenue Surprise Beat by $969.07M
AMAZON reports on August 3rd. They will give a glimpse into how the consumer is fairing. According to Seeking Alpha, Amazon expected earnings and revenue are:
EPS Normalized Estimate $0.34
EPS GAAP Estimate $0.34
Revenue Estimate $131.33B
Presently the intermediate trend for Amazons stock price is natural with 2.1% downside and 4.1% upside as of yesterday.
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