- some big NASDAQ names reporting earnings today, including Alphabet (GOOGL); Amazon (AMZN); Intel (INTC); CMCSA; First Solar (FSLR); T-Mobile (TMUS); and, Starbucks (SBUX)
- also reporting: BAX;
- GOOGL: jumps 9%; up $103/share; sales beat expectations;
- AMZN: shares down about 1.5%, hardly concerning; "Amazon reports disappointing Q2 results"
- INTC: shares jump 5%; up $2.65 to trade at $54.81; beats on 2Q19 results; raises guidance
- CMCSA: shares down a percent; earnings beat; revenue light as video subscriber loss grows
- FSLR: delays report; will report August 1
- TMUS: shares down 1.5%; strong earnings trumped by silence on Sprint merger deal
- SBUX: up 6%; soars to all-time high on strong earnings
- BAX: reported earlier; shares up 1.5% today; boosts full-year outlook after topping 2Q19 estimates
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AMZN: reason for disappointing earnings? The company is making things even better for customers -- hey, that costs money. Costs associated with same-day delivery cut into earnings. Motley Fool notes that Amazon's revenue growth is accelerating. From Yahoo!Finance --
Amazon's revenue rose 20% year over year -- an acceleration from 17% growth in the first quarter. This puts Amazon's revenue growth rate back in line with growth seen in the company's fourth quarter of 2018. Revenue for the period was $63.4 billion -- at the high end of management's guidance for revenue during the period to be between $59.5 billion and $63.5 billion.
In addition, the top-line figure was ahead of analysts' average forecast of revenue of $62.5 billion. Helping drive this growth was 37% year-over-year growth in Amazon Web Services (AWS) revenue and an acceleration in the company's online stores revenue.
Online stores revenue rose 16% year over year to $31 billion. This is up from 12% growth in the first quarter of 2019.Starbucks? Every Starbucks strategy is working.
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The Sports Page
The Sports Page
"18 and under"? You could probably express a wee bit more pride? I'm impressed, needless to say!
ReplyDeleteAussies visiting this week and, of course, "good on ya, mate!".
Thank you for your kind comments. Yes, it's quite a story -- being only 16 and playing with the "18-year-olds" -- have a great time with your friends from down under. It's a small world. As they say.
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