Second quarter 2021 earnings released: EPS US$5.50 (vs US$6.09 loss in 2Q 2020)
The company reported a strong second quarter result with improved earnings, revenues and profit margins.Second quarter 2021 results:
- Revenue: US$13.7b (up 13% from 2Q 2020).
- Net income: US$2.15b (up US$4.55b from 2Q 2020).
- Profit margin: 16% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses.
Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.