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The Zacks Analyst Blog Highlights: Amazon, Alphabet, Intel, Apple and Starbucks
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For Immediate Release
Chicago, IL –July 26, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) , Intel (INTC - Free Report) , Apple (AAPL - Free Report) and Starbucks (SBUX - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Knockout Q2 for Intel, GOOGL; Amazon Posts Miss
Another big afternoon for Q2 earnings -- in fact, this might be the biggest day in quarterly report volume of the entire earnings season -- with some of the biggest names, FAANG and otherwise. Even better, we see three earnings beats out the of the four companies we cover here in this report after the bell:
Amazon is the only company in this group to have disappointed Thursday afternoon, reporting $5.22 per share, which missed the $5.29 per share in the Zacks consensus. Revenues cleared the estimate, however, posting $63.4 billion from the $62.57 billion expected, up nearly 20% year over year. Net sales in the quarter reached 20%, with Operating Income at $3.1 billion. Of this, Amazon Web Services (AWS) amounted to 52%.
In fact, of the $8.38 billion AWS brought in for the quarter, it now accounts for 13% of all sales Amazon brings in. That's up from 11% in the year-ago quarter. Shares are down nearly 2% in the after-market on the news; this is the first bottom-line miss for the company since Q2 2017. The four previous quarters averaged positive surprises of 60% per quarter. For more on AMZN's earnings, click here.
Alphabet, on the other hand, posted a big beat on its bottom line after the closing bell, with $14.21 per share way out ahead of the $11.50 expected. Revenues of $38.94 billion also easily outpaced the $30.9 billion in the Zacks consensus. Traffic Acquisition Costs (TAC) accounted for $7.4 billion in the quarter. Ad Revenue brought in $32.2 billion while Google Properties tallied $27.3 billion. Shares are up 6% in late trading. For more on GOOGL's earnings, click here.
Intel reported an even more impressive quarterly beat to $1.06 per share, over the 89 cents expected, and swinging to a positive from the year-ago's $1.04 per share. Revenues came in at $16.5 billion, surpassing the estimated $15.6 billion. Client Computing brought in $8.8 billion in the quarter, while Data Center did $5 billion in business. The company also announced it is selling its smartphone mobile business to Apple for $1 billion. It's an agreement where Apple would own the "majority" of the business; details yet to come.
Starbucks put up better-than-expected figures on both top and bottom lines: 78 cents per share on $6.82 billion in sales topped the 72 cents and $6.68 billion expected, respectively. This marks an all-time high for quarterly revenues at the company, thanks in part to very impressive yearly comps: +7% in the U.S. and +6% in China, where many felt Starbucks may have a harder time.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Amazon, Alphabet, Intel, Apple and Starbucks
For Immediate Release
Chicago, IL –July 26, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon (AMZN - Free Report) , Alphabet (GOOGL - Free Report) , Intel (INTC - Free Report) , Apple (AAPL - Free Report) and Starbucks (SBUX - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Knockout Q2 for Intel, GOOGL; Amazon Posts Miss
Another big afternoon for Q2 earnings -- in fact, this might be the biggest day in quarterly report volume of the entire earnings season -- with some of the biggest names, FAANG and otherwise. Even better, we see three earnings beats out the of the four companies we cover here in this report after the bell:
Amazon is the only company in this group to have disappointed Thursday afternoon, reporting $5.22 per share, which missed the $5.29 per share in the Zacks consensus. Revenues cleared the estimate, however, posting $63.4 billion from the $62.57 billion expected, up nearly 20% year over year. Net sales in the quarter reached 20%, with Operating Income at $3.1 billion. Of this, Amazon Web Services (AWS) amounted to 52%.
In fact, of the $8.38 billion AWS brought in for the quarter, it now accounts for 13% of all sales Amazon brings in. That's up from 11% in the year-ago quarter. Shares are down nearly 2% in the after-market on the news; this is the first bottom-line miss for the company since Q2 2017. The four previous quarters averaged positive surprises of 60% per quarter. For more on AMZN's earnings, click here.
Alphabet, on the other hand, posted a big beat on its bottom line after the closing bell, with $14.21 per share way out ahead of the $11.50 expected. Revenues of $38.94 billion also easily outpaced the $30.9 billion in the Zacks consensus. Traffic Acquisition Costs (TAC) accounted for $7.4 billion in the quarter. Ad Revenue brought in $32.2 billion while Google Properties tallied $27.3 billion. Shares are up 6% in late trading. For more on GOOGL's earnings, click here.
Intel reported an even more impressive quarterly beat to $1.06 per share, over the 89 cents expected, and swinging to a positive from the year-ago's $1.04 per share. Revenues came in at $16.5 billion, surpassing the estimated $15.6 billion. Client Computing brought in $8.8 billion in the quarter, while Data Center did $5 billion in business. The company also announced it is selling its smartphone mobile business to Apple for $1 billion. It's an agreement where Apple would own the "majority" of the business; details yet to come.
Starbucks put up better-than-expected figures on both top and bottom lines: 78 cents per share on $6.82 billion in sales topped the 72 cents and $6.68 billion expected, respectively. This marks an all-time high for quarterly revenues at the company, thanks in part to very impressive yearly comps: +7% in the U.S. and +6% in China, where many felt Starbucks may have a harder time.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.