Through quarterly reports, companies around the world summarize their results and present them to the public. In this way, powerful global giants can review their achievements and set future goals. However, these reports do not only benefit companies but all market participants. As a rule, the world's largest companies and their results are in the focus of almost everyone, so they are also crucial for investors and stock market traders.
This article will deal with the quarterly reporting of two world-famous companies, Tesla and Amazon.
Tesla
On July 26, Tesla reported its second quarter results. These reports surprised everyone, as the electric vehicle manufacturer made a profit of more than a billion dollars in just three months.
The company generated $1,14 billion in net income in the second quarter, which is 10 times more than in the same period last year, when their net income reached $104 million.
We have prepared an infographic where you can see detailed information about sources of income.
Revenue from auto sales was $10,21 billion, of which only $354 million, or about 3,5%, came from the sale of regulatory credits.
From the energy business, Tesla reported $801 million in revenue. This includes solar PV and energy storage systems for homes, businesses and utilities, up 60% from last quarter.
$951 million was reported from the sale of services and other income. Tesla now has 598 stores and service centers and a mobile service fleet that includes 1.091 vehicles, an increase of 34% compared to the previous year.
As you can see in our infographic, the increase in revenue of this company was accompanied by an increase in share prices. Just a year ago, the price of one Tesla share was slightly lower than $300, and today its value is more than double. Following the release of the report, the price of Tesla shares continued to rise to $699.10 at the time of writing.
Amazon
Amazon, one of the five largest companies in the US information technology industry, released its second quarterly report, and its shares fell more than 7% immediately after.
As you can see in our infographic, the company announced in its Q2021 12,47 earnings release that earnings per share (EPS) beat estimates of $15,12 to reach $46,8. Compared to last year, ZPA increased by XNUMX%.
When it comes to Amazon's revenue, analysts fell short in their forecasts of $115,4 billion, while actual revenue was significantly lower, reaching just over $113,1 billion.
On the other hand, Amazon's web services revenue beat expectations of $14,2 billion, coming in at $14,8 billion. This revenue grew 37,0% over the same quarter last year, its fastest pace since the second quarter of 2019.
For the third quarter, Amazon said it expects to post sales between $106 billion and $112 billion, representing growth of 10% to 16% over the same period last year.
How can you profit in this situation?
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