Business
ASX follows Wall Street higher; AMP up 16%; ResMed leaps on Q1 result – The Sydney Morning Herald
The ASX 200 rebounded at Friday’s open, rising by as much as 0.4% after US markets steadied from their worst fall in four months.
Here’s an overview of their earnings reports, and investors’ early reactions.
Alphabet’s profit soars 59 per cent
Googles corporate parent Alphabet returned to robust financial growth during the summer. In the previous quarter, it suffered its first-ever quarterly decline in revenue amid the economic slowdown stemming from the COVID-19 pandemic.
The companys revenue for the July-September period rose 14 per cent from the same time last year to $US46.2 billion ($65.8 billion). Its profit soared 59…
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