Earnings live: Microsoft, Meta stocks surge with more tech earnings from Apple and Reddit
July 31, 2025
LIVE
Updated 26 mins ago
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.
Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
This week, investors will be treated to another flurry of quarterly results from Big Tech companies, including Microsoft (MSFT), Apple (AAPL), Meta (META), and Amazon (AMZN). This week’s reports also include updates from Spotify (SPOT), Ford (F), Procter & Gamble (PG), Boeing (BA), Starbucks (SBUX), and Qualcomm (QCOM), among others.
Data from FactSet published Friday showed that with 34% of the index having reported results, analysts expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter.
Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023.
Here are the latest updates from corporate America.
LIVE 149 updates
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Amazon (AMZN) profits and sales beat estimates for the second quarter, the company reported Thure:
AWS revenue rose 17% to hit $30.8 billion versus an expected $30.7 billion. It topped $26.2 billion in Q2 last year.
The company’s report follows Google’s (GOOG, GOOGL) and Microsoft’s (MSFT) own blowout announcements, highlighting growth across their respective cloud businesses on the back of increased customer spending on AI. Rival Microsoft reported that its Azure business generated $75 billion in fiscal 2025.
Amazon widened its guidance for operating income on the lower end. For the third quarter, Amazon expects the operating income to come in between $15.5 billion and $20 billion, potentially indicating a headwind from tariffs.
The initial reaction on the Street was downbeat, with Amazon stock slipping 2% after hours.
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Apple reported results Thursday that beat forecasts on the top and bottom lines, as the iPhone-makers boasted about double-digit revenue growth across its iPhone, Mac, and Services businesses, as well as growth in all of its geographic segments.
Earnings per share came in at $1.57, ahead of the $1.43 Wall Street had expected, while revenue tallied $94 billion, up 10% from last year and ahead of forecasts for $89.2 billion.
Its Services revenue totaled $27.4 billion, a new record, and comprised nearly 30% of its total revenues in the quarter.
Apple stock was up about 2% following the results.
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