Amazon’s Post-Earnings Outlook, P&G Praised By Barron’s: Consumer Biz Report
Shares of Amazon.com (NASDAQ:AMZN) are back up Friday after the company missed its third quarter estimates along with issuing soft fourth quarter guidance, as investors apparently had priced in such factors ahead of time, and might now be pleased by healthy growth of customer accounts and third-party merchant activity. Brian Nowak at Nomura likes seeing Amazon’s gross margin jumping by 180 basis points year-over-year, but worries about the ongoing high fulfillment expenses. Shares of Overstock.com (NASDAQ:OSTK) and eBay (NASDAQ:EBAY) are up in sympathy, especially the former.
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Ford Motor Company’s (NYSE:F) Taurus and Sable models are being investigated by the NHTSA for a potential difficulty with sticky throttles. Thus far, some 50 complaints have been received, but the agency has still not formed any conclusions.
Procter & Gamble (NYSE:PG) improved margins in its third quarter report and hinted at even greater cost reduction initiatives in the near-term as it kept its profit outlook for the current fiscal year. Barron’s says that these results give investors reasons to hold on to the company’s shares.