Somewhat lost in all the market noise last week, both Amazon (AMZN) and Google (GOOG) reported earnings
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Argonath Financial
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.
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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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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...
Expertise
No areas of expertise