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Thursday, July 25, 2019

Huge Day For Big NASDAQ Tech Companies -- GOOGL, INTC, SBUX -- July 25, 2019

Earlier today:
  • 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; 
How did they all play out?
  • 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
Remember all the hand-wringing in anticipation of 2Q19 earnings? Hogwash.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.


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



Surfin' USA, The Beach Boys, 2012
(for Sophia in California this weekend)

A 3-song medley, BeeGees
(see comments)

2 comments:

  1. "18 and under"? You could probably express a wee bit more pride? I'm impressed, needless to say!
    Aussies visiting this week and, of course, "good on ya, mate!".

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    Replies
    1. 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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