|
 Amazon Inc released its third quarter earnings report after hours on Thursday, which blew investor expectations out of the park, with strong beats on earnings per share and revenue. The company saw its net sales increase 37% year over year to $96.1 billion and its operating income increase 96% year over year to $6.2 billion. Yahoo Finance's Jared Blikre breaks down the company's earnings report on The Final Round.
|
|
 Despite those delays, Apple has mostly beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended on Sept. 26 was $64.7 billion and 73 cents per share, compared with analyst estimates of $63.7 billion and 70 cents per share, according to IBES data from Refinitiv. Analysts anticipated consumers would hold off on iPhone purchases ahead of new iPhone 12 models.
|
|
Europe's Covid-19 Cases and Deaths Are Climbing, a Warning for the U.S. The Wall Street JournalFrance, Germany announce national lockdowns as second COVID-19 wave sweeps Europe in record numbe… CBS This MorningFrance, Germany on lockdown as Covid-stricken Europe braces for tough winter NBC NewsNew lockdowns announced in Germany and France as COVID-19 cases surge in Europe CBS Evening NewsView Full Coverage on Google News
|
|
Dow Jones Up 350 Points As Market Rebounds; Apple, Amazon Earnings On Tap Investor's Business DailyS&P 500 Tumbles in Worst Stock Rout Since June Amid More Virus Shutdowns Bloomberg QuickTake: NowDow jumps 300 points as stocks rebound from worst sell-off in months, tech leads comeback CNBCWall Street recovers on Big Tech gains, upbeat economic data Investing.comS&P 500, Nasdaq rise after upbeat economic data CNAView Full Co
|
|
 Economy grew at record 33.1% annual pace in Q3 as more businesses reopened\. But COVID-19 spikes could slow growth.
|
|
 Yahoo Finance's Myles Udland and The Final Round panel break down some of the most notable earning news.
|
RELATED ARTICLES | | |
|
 Google parent Alphabet reported Q3 earnings that topped the Street's expectations. The tech company posted $16.40 EPS and $38.01B in revenue, outperforming consensus estimates of $11.42 EPS and $35.35B in revenue. The company's quarterly results come after the Justice Department's long-awaited antitrust lawsuit alleging that Google engages in anticompetitive behavior to maintain its dominance of the search and search advertising industries. The Final Round panel will break down the details.
|
|
 Avis Budget Group Inc. shares jumped 4% in after-hours trade Thursday, after the rental car company topped earnings estimates for the third quarter, even as profit and revenue slid sharply as travel slowed significantly during the pandemic. The company said it had net income of $45 million, or 63 cents a share, in the quarter, down sharply from $189 million, or $2.50 a share, in the year-earlier period. Adjusted per-share earnings came to $1.13, above the 40 cents FactSet consensus. Revenue tumbled 44% to $1.534 billion from $2.763 billion, but was ahead of the $1.443 billion FactSet consensus. The company said it cut $1 billion of costs in the quarter, bringing the year-to-date total to $2 billion, and said it's on track to cut $2.5 billion for the full year. "We remain focused on what we can control," Chief Executive Joe Ferraro said in a statement. The company is expecting to see the normal seasonal effects in the fourth quarter, and expects the travel environment to remain challenged. Shares have gained 14% in the year to date, while the S&P 500 has gained 2.5%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
America just posted a record GDP growth rate. Now brace for the slowdown CNNNew economic numbers show promise as uncertainty from COVID-19 continues ABC NewsUS economic growth shatters record at 33.1%, but fails to snap coronavirus recession Fox BusinessThe Record Economic Boom Is a Mirage BloombergFor most Americans the crisis is far from over whatever the GDP numbers may say The Guardia
|
RELATED ARTICLES | | | | | | |
|
Private Label