附近上门

Morning Report:聽Here are the results from the top of the market that will help you understand today’s market sentiment.聽

Let’s take a quick run through the Big 5’s earnings reports this morning. To help you get the information you need, we’ll do this in summary.

Briefly, the Big 5 are a group of US-based tech companies that are, domestically, the most valuable. Those companies are, in an order I just made up, Apple, Amazon, Alphabet, Microsoft, and Facebook. Together, the Big 5 recently benchmark.

What makes the companies worth so much? Let’s find out.

• 聽Revenue was $45.4 billion, ahead of expectations of $44.89 billion. Earnings per share were $1.67, ahead of expectations of $1.57 per share. The company sold 41 million iPhones, largely meeting estimates. Shares rose.
• 聽Revenue was $37.96 billion, ahead of expectations of $37.18 billion. Earnings per share were $0.40, far below expectations of $1.42 per share. The company would have been in even worse shape for its operationally-profitable AWS cloud computing unit.
• 聽Revenue was $26.01 billion, ahead of expectations of $25.65 billion. Earnings per share were $5.01, ahead of expectations of $4.49. The company’s Other Bets projects also showed improving margins.
• 聽Revenue was $24.7 billion (non-GAAP), ahead of expectations of $24.3 billion. Earnings per share were $0.83 (GAAP), ahead of expectations of $0.71 per share (GAAP). The company’s cloud results were critical to its beat.
• 聽Revenue was $9.32 billion, ahead of expectations of $9.2 billion. Earnings per share were $1.32, ahead of expectations of $1.13. The firm’s growth continues to decelerate as expected, but it’s happening more slowly than analysts expect

Now you are all caught up. Feel better? No? Perhaps it’s time for the weekend!

From the聽:

GrubHub Buys Yelp鈥檚 Eat24 for $288M

• Two food ordering platforms are merging into one.聽听丑补蝉听that it is acquiring聽听蹿谤辞尘听聽for $288 million. The companies also agreed to a five-year partnership in which Yelp will integrate GrubHub ordering into its restaurant listings.

Big startup M&A deals have stalled

• Public markets are riding high, and tech acquirers are flush with cash. However, it鈥檚 been a very dull year for large acquisitions of private technology companies, with no big unicorn M&A deals since January, according to a聽附近上门 News analysis. Industry observers say valuation is a concern, but buyers may also be waiting on proposed U.S. tax law changes.

Auris Surgical Robotics closes on $280M

• , a Silicon Valley-based developer of robotics technology for minimally invasive surgery, has raised $280 million in a Series D funding round led by Coatue Management. Ten-year-old Auris is led by Frederic Moll, a co-founder of Intuitive Surgical, which is now a $35 billion company.