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Last week, Silicon Valley was focused on earnings. Apple, Facebook, Amazon, Sprint, AT&T and loads of other companies delivered their reports. For some (Facebook), it was a great week. For others (Apple, Amazon), not so much. Here are the details on what went down:
- Amazon: For most digital commerce companies, it was not a good holiday quarter; Etsy, Groupon and many brick-and-mortar retailers have been suffering for awhile. It also wasn’t a great quarter for Amazon, which missed analyst estimates and saw its Prime subscriber growth rate beginning to slow down.
- Apple: Wall Street largely expected Apple to have a tough time topping its record-setting iPhone 6 sales numbers with its new 6s and 6s Plus phones. Wall Street was right. The company’s iPhone sales growth was the slowest it has been since it launched the iPhone in 2007. On the earnings call, Tim Cook hinted that Apple is very interested in virtual reality.
- AT&T: AT&T added 2.8 million subscribers in 2015, but its wireless revenue slipped a bit. Blame the T-Mobile and Sprint cost-cutting wars.
- EMC and VMware: EMC, which is getting closer to finishing its merger with Dell, reported flat Q4 results, and the company’s stock inched up a bit over the week. VMware, in which EMC holds a majority stake, saw its stock tumble a bit after an earnings miss and an executive shake-up.
- Facebook: Facebook came in way above Wall Street expectations for the fourth quarter; the social network reported profit of 79 cents per share, while analysts predicted 68 cents. One big moneymaker: Facebook’s burgeoning behemoth of a video ads business.
- Microsoft: On the strength of its growing cloud-computing business and the fact that it’s losing less money on PCs than PC makers, Microsoft’s stock rose after it posted an upbeat earnings report.
- NetSuite: Cloud software firm NetSuite’s stock picked up a bit on earnings numbers that beat Wall Street estimates and the news that it added two major new customers in Snapchat and Lucky Brand.
- Samsung: The rise of smartphone makers like Huawei and Xiaomi has eaten into Samsung’s bottom line, which prompted a not-so-great fourth quarter and similarly grim guidance for its mobile business in 2016.
- Sprint: Sprint’s stock rose a bit after it posted a smaller loss than expected and revised upward its revenue guidance for 2016.
- This week: Google reports its earnings on Monday morning. Here’s a cheat sheet for how to understand what its first earnings report as Alphabet will look like.
This article originally appeared on Recode.net.
