Amazon's (AMZN) third quarter earnings topped Wall Street estimates. Earnings of $0.94 per share topped expectations of $0.58. Net sales of $143.08 billion beat estimates of $141.56 billion. JMP Securities, a Citizens Company, Equity Research Analyst Nick Jones tells Yahoo Finance Live that the numbers were "solid." Referencing the stock's initial pop in after-hours trading, Jones suspects it's because of operating income margins that "look really good." Jones says that he thinks the company is "pulling all the various levers they have across their businesses units to kind of give investors what they're looking for, which is better operating income margin." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Amazon's (AMZN) third quarter earnings topped Wall Street estimates. Earnings of $0.94 per share topped expectations of $0.58. Net sales of $143.08 billion beat estimates of $141.56 billion.
JMP Securities, a Citizens Company, Equity Research Analyst Nick Jones tells Yahoo Finance Live that the numbers were "solid." Referencing the stock's initial pop in after-hours trading, Jones suspects it's because of operating income margins that "look really good." Jones says that he thinks the company is "pulling all the various levers they have across their businesses units to kind of give investors what they're looking for, which is better operating income margin."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Barrons.com
Amazon shares rose in late trading Thursday after the company posted better-than-expected financial results for the September quarter. Amazon (ticker: AMZN) said third-quarter sales were $143.1 billion, up 13% from a year ago, accelerating from 11% growth in the June quarter, and above the high end of the company’s guidance range. Amazon Web Services revenue grew 12%, about in line with Wall Street estimates.
Bloomberg
(Bloomberg) -- The rout in US stocks has brought the S&P 500 Index to a crucial inflection point. It’s teetering near a correction after breaching 4,200 for the first time since May — a key technical level that may point to a longer-term selloff.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineS&P 500 Falls to Lowest Since May as Tech Gets Hit: Markets WrapUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Apple Plans AirPods Overhaul With New Low- a
TipRanks
Tesla’s Q3 conference call was one for the ages. While the EV leader’s results were conclusively disappointing, the call itself featured ominous warnings from CEO Elon Musk on the state of the global economy, the higher interest rate environment and the difficult road ahead for the Cybertruck’s production. Shares duly tanked as investors digested an uncertain future for the undisputed EV leader. In fact, Morgan Stanley analyst Adam Jonas makes the case that Tesla’s dire outlook could have massiv
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