AP

The tech sector saw mixed results as key companies Alphabet (aka Google), Intel, Microsoft and Amazon all reported earnings on Thursday. While all topped profit estimates, Intel and Microsoft saw revenue come in short of some expectations, sending shares of those two companies lower.

  • Intel posted revenue that fell just short of estimates, with particular weakness in its data center business, per Reuters. Per-share earnings of 66 cents, excluding items, topped estimates by a penny but shares fell three percent in after-hours trading.
  • Microsoft's earnings topped estimates, but sales narrowly missed expectations, sending the stock lower in after-hours trading. It earned 73 percents per share, excluding items, above consensus expectations of 70 cents. Adjusted revenue was $23.56 billion, just shy of the $23.62 billion projected by analysts.
  • Amazon raked in $35.7 billion in sales this past quarter, beating analyst expectations and up 23% since the year-ago quarter, the company said on Thursday in its latest earnings report. It also touted its nine-month-old business in India, where product selection for its Prime membership service has grown 75% since launch.
  • Google's parent company Alphabet beat expectations with $24.75 billion in revenue, up 22% from the year-ago quarter. Google ad revenues increased by nearly 19%, despite the advertiser backlash against the company's biggest display ad driver, YouTube. Smart home tech company Nest, internet company Google Fiber and self-driving car company Waymo, also made revenue gains.

Go deeper

Trump introduces Amy Coney Barrett as nominee to replace Ruth Bader Ginsburg

President Trump announced he's nominating federal appeals court Judge Amy Coney Barrett to succeed Justice Ruth Bader Ginsburg on the Supreme Court.

Why it matters: She could give conservatives a 6-3 majority on the high court, and her nomination sets in motion a scramble among Senate Republicans to confirm her with 38 days before the election. Leader Mitch McConnell appears to have the votes to confirm Barrett with the current majority.

Updated 57 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:15 p.m. ET: 32,673,978 — Total deaths: 990,738 — Total recoveries: 22,535,056Map.
  2. U.S.: Total confirmed cases as of 4:15 p.m. ET: 7,065,019 — Total deaths: 204,249 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: New York daily cases top 1,000 for first time since June — U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

Confirmation hearings for Supreme Court nominee set to start Oct. 12

Sen. Lindsey Graham, chair of the Senate Judiciary Committee, on Sept. 24. Photo: Jabin Botsford/The Washington Post via Getty Images

Senate Judiciary Committee hearings for President Trump’s Supreme Court nominee are tentatively scheduled to begin Oct. 12, two Senate sources familiar with the plans told Axios.

Why it matters: The committee's current schedule could allow Senate Republicans to confirm the nominee weeks before November's election. Senate Majority Leader Mitch McConnell currently has enough votes to confirm Circuit Court Judge Amy Coney Barrett, who is expected as the president's pick.