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Amazon Posts 104% Beat, Intel & Starbucks Also Outperform
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After Thursday's market close, Amazon (AMZN - Free Report) came out with a spectacular earnings beat -- $5.07 per share versus $2.49 expected in the Zacks consensus, for a positive earnings surprise of 104%. For such a gigantic company, this represents extraordinary growth. Revenues, on the other hand, slipped beneath forecasts to $52.89 billion from the $53.45 billion expected.
It's tough to get picky, however, with net sales growth of 39% year over year -- again considering the sheer size of Amazon, with its $900 billion market cap. AWS revenues topped expectations slightly to $6.1 billion, but rocketed up 49% year over year. That said, Amazon has lowered its revenue guidance looking forward; as a result, we see post-market trading on the shares start off up 4.5% but are now less than a percentage point in the green. For more on AMZN's earnings, click here.
For its part, Zacks Rank #1 (Strong Buy)-rated Intel Corp. (INTC - Free Report) also outperformed on its top and bottom lines: $1.04 per share in Q2 earnings beat the 96 cents expected. Revenues of $16.96 billion surpassed the $16.91 billion in the Zacks consensus. The company also upped its full-year guidance to a range of plus-or-minus $4.15 per share. However, after closing regular Thursday trading down a tad, Intel is down now another 3.5% in late trading. We'll have to delve into the conference call to see what's up there. For more on INTC's earnings, click here.
We also see top- and bottom-line beats for Starbucks (SBUX - Free Report) this afternoon, posting 62 cents per share that topped by a penny or sales of $6.31 billion, better than the $6.25 billion. Global comps were up 1%, including +1% in the Americas region and flat in Europe/Middle East/Africa. This was offset by a 1% drop in the Asian markets, and -2% in China. Yet Starbucks is in positive territory after hours, with shares slightly in the green. For more on SBUX's earnings, click here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Amazon Posts 104% Beat, Intel & Starbucks Also Outperform
After Thursday's market close, Amazon (AMZN - Free Report) came out with a spectacular earnings beat -- $5.07 per share versus $2.49 expected in the Zacks consensus, for a positive earnings surprise of 104%. For such a gigantic company, this represents extraordinary growth. Revenues, on the other hand, slipped beneath forecasts to $52.89 billion from the $53.45 billion expected.
It's tough to get picky, however, with net sales growth of 39% year over year -- again considering the sheer size of Amazon, with its $900 billion market cap. AWS revenues topped expectations slightly to $6.1 billion, but rocketed up 49% year over year. That said, Amazon has lowered its revenue guidance looking forward; as a result, we see post-market trading on the shares start off up 4.5% but are now less than a percentage point in the green. For more on AMZN's earnings, click here.
For its part, Zacks Rank #1 (Strong Buy)-rated Intel Corp. (INTC - Free Report) also outperformed on its top and bottom lines: $1.04 per share in Q2 earnings beat the 96 cents expected. Revenues of $16.96 billion surpassed the $16.91 billion in the Zacks consensus. The company also upped its full-year guidance to a range of plus-or-minus $4.15 per share. However, after closing regular Thursday trading down a tad, Intel is down now another 3.5% in late trading. We'll have to delve into the conference call to see what's up there. For more on INTC's earnings, click here.
We also see top- and bottom-line beats for Starbucks (SBUX - Free Report) this afternoon, posting 62 cents per share that topped by a penny or sales of $6.31 billion, better than the $6.25 billion. Global comps were up 1%, including +1% in the Americas region and flat in Europe/Middle East/Africa. This was offset by a 1% drop in the Asian markets, and -2% in China. Yet Starbucks is in positive territory after hours, with shares slightly in the green. For more on SBUX's earnings, click here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>