Somewhat lost in all the market noise last week, both Amazon (AMZN) and Google (GOOG) reported earnings
Somewhat lost in all the market noise last week, both Amazon (AMZN) and Google (GOOG) reported earnings. Amazon mostly disappointed investors, with the shares sliding 11% on Friday. The online retail giant posted revenues of $25.6 billion and $0.51 per share in earnings. Expectations were for sales of $26.1 billion and earnings of $0.66 per share. Quarterly sales guidance was also slightly below expectations. Meanwhile, Google also missed earnings expectations but made up for it with other positive news. EPS was $12.01 compared to the $12.20 forecast, while revenues slightly beating predictions at $16.8 billion compared to $16.7 billion. More importantly, Google is selling off its unprofitable Motorola segment to Lenovo for roughly $3 billion - and dumping a consistently losing division. In other positive news, paid clicks on GOOG's online ads increased 31% from the same time last year.
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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