The company reported a strong third quarter result with improved earnings, revenues and profit margins.Third quarter 2021 results:
- Revenue: US$13.4b (up 28% from 3Q 2020).
- Net income: US$5.28b (up 64% from 3Q 2020).
- Profit margin: 39% (up from 31% in 3Q 2020). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.