Jason Moser, Senior Analyst at the The Motley Fool, says investors were surprised by the lackluster guidance for sales growth in the fourth quarter.» Read More
NEW YORK— Amazon's trademark smile icon is becoming more of a grimace. Investors are increasingly irked by Amazon's strategy of investing heavily in new products and services to spur revenue growth while reporting quarter after quarter of losses or thin profit. For years, Amazon's strategy has been spending the money it makes to grow and expand into new areas.
"You could see an easy bounce back up to that $310 level," Guy Adami of Private Advisor Group says after Amazon misses on earnings.
The "Fast Money" traders share their final trades of the day.
Oct 23- Pandora Media Inc, operator of the leading Internet radio service, reported a lower-than-expected increase in listeners in the third quarter, sending the company's shares down 6 percent in extended trading on Thursday. Despite its huge user base, Pandora faces stiff competition from Spotify, Apple Inc's Beats online streaming service, Google Inc, and...
CHICAGO, Oct 23- Determined not to repeat a holiday season that left millions of packages delivered too late and customers seething, United Parcel Service Inc and FedEx Corp are investing heavily in new infrastructure- but the continued dynamic growth of e-commerce will test those efforts. Even so, the rise in shipping originating with e-tailers including...
Amazon reported quarterly results and revenue that missed analysts' expectations on Thursday.
*Industrial shares rally on 3 M, Caterpillar results. *Stocks pare gains; New York tests patient for Ebola. NEW YORK, Oct 23- Earnings from Caterpillar and 3 M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker.
SAN FRANCISCO, Oct 23- Amazon.com Inc's sales projections for the crucial holiday quarter disappointed Wall Street and third-quarter results missed forecasts, sending the online retailer's shares 9 percent lower on Thursday. But not only did it post a much larger loss than expected, Amazon also projected 7 to 18 percent revenue growth over the busiest...
Check out which companies are making headlines after the bell Thursday: Amazon, Microsoft, Pfizer & more.
CNBC.com Managing Editor Allen Wastler reports Ebola and Amazon's earnings miss are the hottest topics on CNBC.com.
Amazon's huge earnings miss may be the last straw for investors.
SAN FRANCISCO— Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. The tech giant reported net income of $4.54 billion, or 54 cents per share, for its fiscal first quarter that ended in September— beating analysts'...
NEW YORK— It might be a blue Christmas for Amazon. Thursday's financial results could end investors' patience with Amazon's slim profit and its strategy of investing heavily in new products and services to spur revenue growth. Amazon has long focused on spending the money it makes to grow and expand into new areas.
SAN FRANCISCO, Oct 23- Amazon.com Inc's sales projections for the crucial holiday quarter disappointed, and third-quarter results missed Wall Street's targets, sending the online retailer's shares 9 percent lower. The company projected on Thursday net sales of between $27.3 billion and $30.3 billion for the holiday quarter, lagging the $30.89 billion...
Here's an outfit that missed Wall Street expectations seven out of the last nine quarters, but the stock still commands a premium in the market.
SEATTLE _ Amazon.com Inc. on Thursday reported a third-quarter loss of $437 million. Analysts expected $20.82 billion, according to Zacks. For the current quarter ending in December, Amazon said it expects revenue in the range of $27.3 billion to $30.3 billion.
SAN FRANCISCO, Oct 23- Amazon.com Inc's sales projections for the crucial holiday quarter disappointed and third-quarter results missed Wall Street's targets, sending the online retailer's shares 7 percent lower.
NEW YORK— Looking for the holiday season's hot toys, like anything related to Disney's "Frozen"? In addition, Amazon's annual holiday toy list adds commentary from its product experts on the latest trends. You can browse through new categories like "Mom Picks" or "Classic" brands to find gift ideas and personal anecdotes from Amazon editors.
Ahead of earnings from Microsoft and Amazon.com, analyst Christine Short says only one appeared positive.
DES MOINES, Iowa— Online retailor Amazon has agreed to refund more than 1,000 Iowa customers over issues regarding a subscription service. The state Attorney General's Office says the agreement means Amazon.com Inc. and Amazon Services LLC will give $122,000 in refunds and credits to Iowa customers. The agreement requires that Amazon comply with state law...