After Hours: Amazon.com, Apple, DexCom, Mastercard

Scott Peters
27 Oct, 2022
New York City

Amazon.com, Inc plunged 20.4% to $88.20 after the online retailer guided weak fourth quarter outlook. 

Third quarter revenue increased 15% to $127.1 billion from $110.8 billion and North America segment sales increased 20% to $78.8 billion. 

Net income in the quarter decreased to $2.9 billion or 28 cents from $3.2 billion or 31 cents a diluted share. 

Amazon guided fourth quarter sales between $140.0 billion and $148.0 billion, an increase between 2% and 8% from a year ago. 

This guidance anticipates an unfavorable impact of approximately 460 basis points from foreign exchange rates. 

Apple Inc declined 1.1% to $143.81 after the computing and telecom devices maker reported fiscal fourth quarter results ending on September 24. 

Revenue in the quarter rose 8% to $90.1 billion from $84.4 billion a year ago. 

Net income in the quarter rose to $20.7 billion from $20.5 billion and diluted earnings per share increased to $1.28 to $1.24 a year ago. 

Sales in Americas rose to $39.8 billion from $36.8 billion and Greater China rose to $15.5 billion from $14.6 billion a year ago. 

iPhone sales jumped to $42.6 billion from $38.9 billion a year ago. 

Apple declared a cash dividend of 23 cents a share payable on November 10, 2022 to shareholders of record as of the close of business on November 7, 2022.

DexCom, Inc jumped 8.7% to $110.06 after the continuous glucose monitoring system reported better-than-expected quarterly results. 

Third quarter total revenue increased 18% from a year ago to $769.6 million and revenue in the U.S. rose 17% and international jumped 22%. 

Net income increased to $101.2 million or 24 cents from  $87.3 million or $0.21 per diluted share a year ago. 

 The company guided 2022 revenue between $2.88 billion and $2.91 billion, an increase between 18% and 19% from a year ago. 

Mastercard Inc declined 0.3% to $318.16 after the payment processing company reported third quarter results. 

Third quarter revenue increased 15.0% to $5.8 billion from $5.0 billion a year ago. 

Net income increased 4% to $2.5 billion from $2.4 billion and diluted earnings per share rose to $2.58 from $2.44 a year ago. 

Gross dollar volume increased 11% on a local currency basis to $2.1 trillion and cross-border volume growth jumped 44%.

Mastercard repurchased 4.7 million shares at a cost of $1.6 billion and  paid $474 million in dividends, in the third quarter. 

Quarter-to-date through October 24, the company repurchased 1.7 million  shares at a cost of $505 million and $5.1 billion is available under the approved stock repurchase  programs.