Amazon. And its stock is paying the price. The Online Retail behemoth earned a dollar a share. That translates into its largest quarterly profit in its 19year history. But investors wanted more, a lot more. Expects were 1. 56 per share. Revenue came in shy of estimates despite rising more than 20 from a year ago. And as for its shares they were punished initially after that report. John ford has more on amazons results. Big number to watch in amazon earnings is the top line revenue wall street was looking for, 35. 9 billion in revenue, they got 37. 7 billion. Eps missed also. Its overall growth thats been driving the valuation for amazon. Amazon web services did well. That actually beat despite high expectations. But the stock fell after hours on that topline number. Well have to see the impact is on other highvaluation stocks because this is certainly one of the ones that gets a lot of notice. Guys back to you. John ford reporting. A different story altogether for dow components micro
Amazon. And its stock is paying the price. The Online Retail behemoth earned a dollar a share. That translates into its largest quarterly profit in its 19year history. But investors wanted more, a lot more. Expects were 1. 56 per share. Revenue came in shy of estimates despite rising more than 20 from a year ago. And as for its shares they were punished initially after that report. John ford has more on amazons results. Big number to watch in amazon earnings is the top line revenue wall street was looking for, 35. 9 billion in revenue, they got 37. 7 billion. Eps missed also. Its overall growth thats been driving the valuation for amazon. Amazon web services did well. That actually beat despite high expectations. But the stock fell after hours on that topline number. Well have to see the impact is on other highvaluation stocks because this is certainly one of the ones that gets a lot of notice. Guys, back to you. John ford reporting. A different story altogether for dow components micr
Trauma in the asian equity markets. Chinas stocks extended their biggest twomonth tumble since 2008, amid growing concern that Government Intervention to prop up the market will fail. Slipped afteran Industrial Production unexpectedly fell in july. We have all the bases covered and will have the latest from hong kong and tokyo in just a moment. First, lets bring in mark barton. Mark, these markets show no sign of reprieve. Mark the worst month since may, 2012. Markets nd develop the developing market is the worst since may, 2012. You get the just. Gist. Ee world index is china is the epicenter of worry as investors are considering whether intervention will work. China is lumping 12. 5 after slumping 40 in july. What into the next, manus, happened at jackson hole probably the most important speech was that made by the feist german Stanley Fischer by the vice chairman Stanley Fischer. He proclaimed his faith that inflation is poised to move upward, and his remarks werent signaling an imp
Seismic jitters about the middle east, central europe, u. S. Central bank policy, took a back seat to news from portugal. That countrys government threw a lifeline to one of its biggest lenders. That was enough to spark a rebound from last weeks steep losses. The worst in two years for the s p 500. Unwinding of short positions bets the market will fall a little bit today. At the end of the day, the dow was higher by 76 points. And the s p added 13. Stocks seeing a healthy bounce back, at least for today, a lot of people are asking whats driving the markets right now. And whats the mood among traders. It was the best day in two weeks for the s p 500, the rally began in europe where the portuguese government bailed out its largest banks, bond and stockholders took a big hit. Stocks started the week in the u. S. The absence of bad news for europe and the ukraine lifted commodities stocks. Energy stocks also rose as oil moved up for the first time in four days. For the rest of the week, tr
Seismic jitters about the middle east, central europe, u. S. Central bank policy, took a back seat to news from portugal. That countrys government threw a lifeline to one of its biggest lenders. That was enough to spark a rebound from last weeks steep losses. The worst in two years for the s p 500. Unwinding of short positions bets the market will fall a little bit today. At the end of the day, the dow was higher by 76 points. And the s p added 13. Stocks seeing a healthy bounce back, at least for today, a lot of people are asking whats driving the markets right now. And whats the mood among traders. It was the best day in two weeks for the s p 500, the rally began in europe where the portuguese government bailed out its largest banks, bond and stockholders took a big hit. Stocks started the week in the u. S. The absence of bad news for europe and the ukraine lifted commodities stocks. Energy stocks also rose as oil moved up for the first time in four days. For the rest of the week, tr