Amazon issued a press release on their third quarter results after the market closed. Revenue increased by 24% to $70B, but operating income was down and margins for AWS and North America contracted. In terms of cloud Microsoft Azure grew 59% YoY in the previous quarter. Microsoft is definitely catching up, and there might be …
Continue reading “Amazon operating income drops and AWS margins contract”
Procter & Gamble [$PG] issued a press release on its first quarter results prior to the market opening. The company raised its full year guidance. The share price jumped by 2.6% from $119.08 to a 52 week high of $122.18. Financials All segments except grooming displayed positive organic sales growth. The main contributors to top …
Continue reading “P&G raises 2020 guidance amidst shining beauty and trimmed grooming”
Netflix issued a press release on its quarterly results after the closing bell. In Q3, we grew to $5.2 billion in revenue, up 31% over the prior year, and operating income doubled to$1.0 billion. Paid net adds totaled 6.8m compared to our 7.0m forecast and prior year Q3 of 6.1m. As we’ve improved the variety, …
Continue reading “Netflix beats on profit but misses on number of new subscribers”
Johnson & Johnson [$JNJ] issued a press release before the market opened on its third quarter results with the following headlines: Sales of $20.7 billion reflecting growth of 1.9%, operational growth of 3.2%* and adjusted operational growth of 5.2%* EPS of $1.81 increased 25.7%; adjusted EPS of $2.12 increased 3.4%* Company increasing Full Year Sales …
Three important indexes in Europe are the STOXX Europe 50 for Europe and the EURO STOXX 50 for the Eurozone and the S&P 350 Europe. The EURO STOXX 50 Index, Europe’s leading blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the region. The STOXX Europe 50 Index, Europe’s leading Blue-chip …