Amazon Spikes 14% After It Reports Surprise Q2 Profit Of $92M, Better-Than-Expected Revenue Of $23.18B

amazon-earnings-alt Following the cessation of regular trading today, Amazon announced that it earned $0.19 per share in its second quarter, on revenue of $23.18 billion. The street had expected Amazon to lose $0.14 per share on revenue of $22.39 billion. Following its earnings smash, Amazon is up more than 14 percent after-hours. The company shed more than one percent of its value in regular trading, amidst… Read More

Amazon Spikes 14% After It Reports Surprise Q2 Profit Of $92M, Better-Than-Expected Revenue Of $23.18B

amazon-earnings-alt Following the cessation of regular trading today, Amazon announced that it earned $0.19 per share in its second quarter, on revenue of $23.18 billion. The street had expected Amazon to lose $0.14 per share on revenue of $22.39 billion. Following its earnings smash, Amazon is up more than 14 percent after-hours. The company shed more than one percent of its value in regular trading, amidst… Read More

Amazon Spikes 14% After It Reports Surprise Q2 Profit Of $92M, Better-Than-Expected Revenue Of $23.18B

amazon-earnings-alt Following the cessation of regular trading today, Amazon announced that it earned $0.19 per share in its second quarter, on revenue of $23.18 billion. The street had expected Amazon to lose $0.14 per share on revenue of $22.39 billion. Following its earnings smash, Amazon is up more than 14 percent after-hours. The company shed more than one percent of its value in regular trading, amidst… Read More

IBM Drops 4% After Reporting Lackluster Q2 Revenue Of $20.8B

ibm-earnings Today following the end of regular trading, IBM reported its second quarter financial performance, including revenue of $20.8 billion and adjusted earnings per share of $3.84. Using normal accounting methods, IBM had a slimmer $3.58 per-share profit. The street had expected the enterprise firm to generate $3.78 of adjusted per-share profit on revenue of $20.95 billion of revenue. According… Read More

Microsoft Will Power AOL Search, Transfer Some Advertising Work As It Sheds Hundreds Of Employees

microsoft-earnings Following the news that it will shed around 100 employees to Uber in a mapping technology deal, Microsoft announced this afternoon that it will now power AOL’s search property, and will apportion parts of its advertising work into both AOL, and AppNexus. AOL, which owns TechCrunch, was recently purchased by Verizon, so it seems that Microsoft and our New Corporate Death Star are now… Read More