Every quarter, publicly traded companies are required to report their earnings. These quarterly earnings reports allow investors and shareholders to get a black-and-white look at how a business is performing. Oftentimes, however, the performance of a company’s stock is tied not so much to its actual earnings as much as whether or not those earnings exceed expectations.
In the most recent round of earnings releases, reflecting quarters typically ending on Sept. 30 or Oct. 31, a number of prominent companies exceeded analysts’ expectations for their earnings. Many of the companies on this list, such as Zoom and Amazon, likely outperformed at least in part due to the global stay-at-home orders surrounding the coronavirus pandemic.
All of these companies on this list reported outperformance in terms of revenue. Although the percentage by which revenues exceeded expectations only ranged from 0.66% to 11.99%, in terms of actual dollars, those amounts are astronomical.
Companies that outperform expectations often do so consistently, but others may just be enjoying a moment. Take a look at some of the most well-known outperformers in the latest quarter.
Last updated: Dec. 28, 2020
