"Upbeat fourth-quarter results would bolster expectations for a strong rebound in earnings in 2021."
“Our performance in the fiscal first quarter reflected solid results and continued positive momentum in a challenging COVID-19 environment."
The iPhone fetched the company $65.60 billion in sales by virtue of 17.23% year-over-year growth.
The writedown of the premium TV business reflects "years of cord-cutting as viewers move to cheaper online streaming services."
The first quarter saw "meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic."
“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."
"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
Bank of America's results were helped by an $828 million release from its reserves for expected loan losses.
"Our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us."
“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
Revenue from the Fusion and NetSuite Cloud ERP apps grew 33% and 21%, respectively, in Q2 as the shift to remote work continued.
