FTSE 100's dollar earners enjoy sterling's day of misery on the forex markets
The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
Company
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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The FTSE 100 index managed to finish just above 7,500, helped by sterling's dive on the foreign exchange markets
Net sales at the ecommerce giant jumped to US$51.0bn, while net income more than doubled to US$3.27 a per share. Analysts had been looking for earnings of US$1.27 on sales of US$49.9bn.
The ecommerce giant posted adjusted earnings of US$0.53 on revenue of US$2.6bn which was largely in-line with expectations, but it was slightly more cautious with its second-quarter sales outlook
The partnership between Barclays and PayPal comes amid concerns about competition in the global payments industry from the likes of Amazon and Apple
Analyst Scott Devitt raised his rating to Hold citing growth opportunities including cloud computing
The retailer’s new Echo Dot kids edition caters to inquisitive children between the ages of 5 and 12
Analysts at Wedbush think their above-consensus forecasts could still be “overly conservative” given the impressive growth in Prime subscriptions last year
The exchange cites a ‘price scale code issue’ as it suspends trading for the rest of the day
The stage of take-over talks and any information about the pricing remain unclear
Alphabet's operating margin shrank in the first quarter as costs rose due to investments to keep pace with competitors like Amazon
The video streaming giant plans to spend around US$8bn on content alone this year as it looks to get its subscriber base to a critical mass and fend off competition from Amazon and Hulu
Michael Pachter maintains a US$1,750 price target on its stock as well as an Outperform rating
Stephen Ju is also keeping his outperform rating on Amazon's shares
Its online retail segment could miss first-quarter estimates, according to Piper Jaffray
Web Services business may help cushion the slowdown in growth
Best Buy and Amazon are coming together to offer smart TVs with Fire TV built-in
'The Amazon Effect' is prompting big-box retailers to pour money into their online operations
Amazon says TVs will use company's Fire operating system
US indices closed mixed on Wednesday, The big story was IBM results, which came out on Tuesday and continued to weigh on the Dow Jones
Gupte also sees the news as positive for Cigna's deal to buy Express Scripts