Earnings Season

<p>Google’s revenue came in at $68.01 billion, growth of 23% from the same period last year. That’s a slowdown from 34% growth in the first quarter of 2021, when the economy was reopening from the pandemic. The company reported $54.66 billion in advertising revenue for the quarter — up from $44.68 billion the year prior. YouTube ad revenue for the quarter fell short of analyst expectations. The video site was a particular beneficiary of the pandemic, when users were primarily at home on their devices. The miss also comes as TikTok captures a growing share of the social media video market. Microsoft’s revenue increased by 18% year over year in the quarter, which ended on March 31, compared with 20% in the previous quarter, according to a statement. Microsoft turned in the smallest revenue beat since 2018, exceeding consensus by less than 1%. Sales and marketing expenditures totaled $5.6 billion, 10% higher than the year-ago quarter and the fastest growth in more than three years. GM reaffirmed its pretax adjusted earnings forecast of between $13 billion and $15 billion for the year, while raising its net income expectations from between $9.4 billion and $10.8 billion to $9.6 billion and $11.2 billion. Its first quarter profit margin was 8.2%, down from 9.3% a year earlier. GM also increased its adjusted earnings per share guidance for the year to between $6.50 and $7.50 per share, up from between $6.25 and $7.25 per share. The adjustment is a result of the company increasing its ownership stake in its Cruise autonomous vehicle unit and including the operation’s losses in its consolidated income tax return.</p> <p>📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency</p> <p>📚Website: www.marketmarauders.net</p> <p>🦩Twitter: @yourequest</p> <p>😎Instagram: market_marauders</p> <p>📧Email: reg24k@gmail.com</p> <p>🚧 DISCLAIMER🚧</p> <p>I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts