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It generated $44 billion for the company in the recent quarter and despite growing competition; it is thriving. Alphabet has impressive margins that allow it to invest in research and development.
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Microsoft beat expectations in the recent quarter and reported a revenue of $56.5 billion, up 13% year over year while the net income came in at $22.3 billion, up 27% year over year.
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In the quarter, Apple continued to retain its market share of smart phones at 55% and is still a leader in the industry.
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With a high payment volume, the fees rise and Visa makes more money. V stock has generated over 75% returns in the past five years and is trading at $253 today. It is up 22% year to date.
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The company recently announced a 10% increase in the quarterly dividend payment for this year and into 2024. Hence, shareholders will now receive a dividend of $1.67 per share and it took the company’s dividend yield to 2.50%.
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Its net revenue increased 24% while the net profits soared by 46%. Ferrari is making a solid profit and has an impressive order backlog. The company has raised the full-year guidance to 5.8 billion euros from 5.7 billion euros.
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In the recent quarter, it generated an EPS of $2.24 and a revenue of $23.45 billion. It not only beat analyst expectations but also raised the annual outlook. It now expects the earnings to grow by 13% in 2023 which is impressive.