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Shares of Starbucks Corp. (NASDAQ:SBUX) dropped more than 4 percent in late trading. The company reported a higher quarterly profit, but sales from cafes open at least one-year in Europe declined. Earnings for the fiscal second quarter came in at $309.9 million (40 cents per share), compared to $261.6 million (34 cents per share) a year earlier.
Amazon.Com Inc. (NASDAQ:AMZN) shares surged nearly 15 percent. The world’s largest online retailer reported impressive first-quarter earnings after the closing bell. Net income for the quarter was $130 million (28 cents per share), compared to $201 million (44 cents per share) a year earlier. Although profits declined, the results beat expectations. Revenue also jumped 33.8 percent to $13.19 billion.
Despite reporting a 32 percent increase in revenue, shares of Zynga Inc. (NASDAQ:ZNGA) fell 3.4 percent in extended trading. The social gaming company reported a first-quarter loss of $85.4 million, compared to $16.8 million profit a year earlier. Revenue came in at $321 million.
Deckers Outdoor Corp. (NASDAQ:DECK) shares plummeted 16 percent after the closing bell. The company reported a 59.5 percent drop in net income to $8 million (20 cents per share), compared to $19.8 million (49 cents per share) a year earlier. “Our first-quarter performance was mixed versus our expectations,” stated Angel Martinez, President, Chief Executive Officer and Chair of the Board of Directors. “Sales growth was driven by the addition of the Sanuk brand combined with increased demand for the UGG brand spring line, partially offset by softness in boots due to the unusually warm weather.”
Expedia Inc. (NASDAQ:EXPE) shares jumped almost 17 percent in late trading, despite reporting a first quarter loss of $3.3 million. A year earlier, the company had a net income of $52 million (38 cents per share). The travel company reported adjusted net income of 26 cents per share. By that measure, the company beat the mean estimate of 5 cents per share. It also announced revenue of $816.5 million, beating the average revenue estimate of $791.1 million.
Shares of Western Digital Corp. (NYSE:WDC) fell 7.2 percent late Thursday. Net income for the most recent quarter increased to $483 million ($1.96 per share), compared to $146 million (62 cents per share) a year earlier. “Our third quarter performance demonstrates the potential of the new Western Digital, with just three and a half weeks of HGST results combined with the standalone WD business,” said John Coyne, chief executive officer of Western Digital.
Investor Insight: Will Amazon Stick to Its Strange Equation?
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