A significant fourth-quarter beat was powered by several secular growth trends and recurring revenue.
Tesla was profitable without regulatory credits, which it sells to rival automakers, for the first time since the end of 2019.
“We achieved significant milestones in the quarter including a solid pre-tax profit in the month of June."
“A lot of the things we did through the pandemic are paying dividends now that mobility has increased and consumers are getting out more."
"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.
