Apple, Meta, Microsoft, Tesla, and more: Earnings news roundup
Apple Inc. (AAPL) reports earnings
Apple Inc. (AAPL) has submitted its 10-Q filing for the quarterly period ended December 28, 2024.
The filing includes financial statements for the quarter, showing an increase in total net sales to $124.3 billion from $119.6 billion in the same quarter the previous year. This increase is attributed to higher sales in services and certain product categories.
Microsoft Corporation (MSFT) reports earnings
Microsoft Corporation (MSFT) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports a revenue increase of 12% to $69.632 billion, driven by growth in Intelligent Cloud and Productivity and Business Processes segments.
Meta Platforms Inc. (META) reports earnings
Meta Platforms Inc. (META) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2024 filing.
The report details the company’s financial performance, indicating total revenue of $164.50 billion, an increase of 22% from the previous year. This growth was primarily driven by a 22% increase in advertising revenue.
Tesla Inc. (TSLA) reports earnings
Tesla Inc. (TSLA) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing includes financial statements showing total revenues of $97.69 billion, a slight increase from $96.77 billion in the previous year. Automotive sales revenue decreased by 8% to $72.48 billion, while automotive regulatory credits revenue increased by 54% to $2.76 billion.
Visa Inc. (V) reports earnings
Visa Inc. (V) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, showing an increase in net revenue to $9,510 million from $8,634 million in the same quarter the previous year. This increase is attributed to growth in processed transactions, nominal cross-border volume, and nominal payments volume.
ServiceNow Inc. (NOW) reports earnings
ServiceNow Inc. (NOW) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2024 filing.
The filing reports total revenues of $10.98 billion, a 22% increase from the previous year. Subscription revenues accounted for $10.65 billion, reflecting a 23% growth year-over-year.
Automatic Data Processing Inc. (ADP) reports earnings
Automatic Data Processing Inc. (ADP) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, showing a total revenue increase of 8% to $5,048.4 million, compared to $4,668.0 million in the same quarter the previous year. This growth is attributed to new business, strong client retention, and increased pricing.
Lockheed Martin Corporation (LMT) reports earnings
Lockheed Martin Corporation (LMT) has filed its annual report on Form 10-K for the fiscal year ended December 31, 2024 filing.
The report details that Lockheed Martin’s net sales for 2024 were $71.0 billion, an increase from $67.6 billion in 2023. The increase was primarily driven by higher sales in the Missiles and Fire Control, Rotary and Mission Systems, and Aeronautics segments.
Starbucks Corporation (SBUX) reports earnings
Starbucks Corporation (SBUX) has submitted its 10-Q filing for the quarterly period ended December 29, 2024.
The filing includes financial statements for the quarter, showing total net revenues of $9,397.8 million, a slight decrease from $9,425.3 million in the same quarter the previous year. The decrease is primarily attributed to lower revenues from licensed stores.
Parker-Hannifin Corporation (PH) reports earnings
Parker-Hannifin Corporation (PH) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing indicates a decrease in net sales to $4,742,593,000 from $4,820,947,000 in the same quarter of the previous year. This decrease is primarily attributed to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment.
Northrop Grumman Corporation (NOC) reports earnings
Northrop Grumman Corporation (NOC) has submitted its 10-K filing for the fiscal year ended December 31, 2024.
The filing includes financial statements for the year, showing total sales of $41.0 billion, an increase from $39.3 billion in the previous year. This growth was driven by higher sales in the Aeronautics Systems and Mission Systems segments.
General Motors Company (GM) reports earnings
General Motors Company (GM) has submitted its 10-K filing for the fiscal year ended December 31, 2024.
The filing reports total net sales and revenue of $187.4 billion for 2024, up from $171.8 billion in 2023, driven by increased net wholesale volumes and favorable pricing in North America.