Alphabet recorded a double beat for its third quarter.
Revenue was $64.1 billion versus expectations of $63 billion. Adjusted earnings per share were $1.55, while analysts were expecting $1.44 per share.
$GOOG $GOOGL
https://t.co/hypt0mvPLQ by @DanielHowley
Microsoft announced its quarterly earnings on Tuesday, beating analysts' expectations on both revenue and earnings per share.
The tech giant reported revenue of $56.5 billion in the quarter, above consensus estimates of $54.5 billion. Earnings came in at $2.99 compared to an anticipated $2.66 per share. $MSFT
https://t.co/owm0UiJDs1 by @DanielHowley
China is exporting deflation in a more profound way than I believe many economists and strategists appreciate. All else equal, the 15% depreciation in the yuan relative to the dollar in the last year should have increased its PPI inflation rate by 15%. Instead it has dropped 4%.