Tech giants delivered strong fourth-quarter earnings reports with each company hitting a notable milestone, but had a few misses.
Apple reported record quarterly revenue and per-share earnings thanks to the iPhone X, but disappointed on its outlook for the current quarter. iPhone unit sales also fell short.
Amazon beat estimates for the fourth quarter, which was the first where the company drew a profit of more than $1 billion.
Google missed estimates on earnings per share, but beat revenue estimates thanks to strong advertising growth. Its cloud business brought in more than $1 billion in revenue, a notable milestone. It also announced former Stanford University president John Hennessy is its new board chairman, replacing Eric Schmidt.
