Mari's Feed
Jul 26, 2015

Analysis – Amazon posts anomalous profit, Wall Street swoons

SAN FRANCISCO (Reuters) – Investor enthusiasm for Amazon.com Inc (AMZN.O: Quote, Profile, Research) is pretty consistent: the stock tends to rise, even though the company isn’t consistent about making profits.

   On Thursday it posted second quarter profit of $92 million on sales of $23.19 billion, only its third quarterly profit since the first quarter of 2014. Amazon has reported an annual net profit in 10 of its 18 years as a public company, and only twice in the last four years. On Friday, Amazon shares closed at a record high of $535.50 and the company passed Wal-Mart (WMT.N: Quote, Profile, Research) in market value.

Jul 26, 2015

Analysis: Amazon posts anomalous profit, Wall Street swoons

SAN FRANCISCO (Reuters) – Investor enthusiasm for Amazon.com Inc is pretty consistent: the stock tends to rise, even though the company isn’t consistent about making profits.

On Thursday it posted second quarter profit of $92 million on sales of $23.19 billion, only its third quarterly profit since the first quarter of 2014. Amazon has reported an annual net profit in 10 of its 18 years as a public company, and only twice in the last four years. On Friday, Amazon shares closed at a record high of $535.50 and the company passed Wal-Mart in market value.

Jul 26, 2015

Amazon posts anomalous profit, Wall Street swoons

SAN FRANCISCO (Reuters) – Investor enthusiasm for Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) is pretty consistent: the stock tends to rise, even though the company isn’t consistent about making profits.

   On Thursday it posted second quarter profit of $92 million on sales of $23.19 billion, only its third quarterly profit since the first quarter of 2014. Amazon has reported an annual net profit in 10 of its 18 years as a public company, and only twice in the last four years. On Friday, Amazon shares closed at a record high of $535.50 and the company passed Wal-Mart (WMT.N: Quote, Profile, Research, Stock Buzz) in market value.

Jul 24, 2015

Amazon shares soar on surprise profit, market value tops Wal-Mart’s

By Anya George Tharakan and Mari Saito

(Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), the world’s largest retailer.

Combined with a bullish forecast for the third quarter, upbeat comments from company executives on Amazon’s Prime delivery service and rapid growth in its cloud computing service, Amazon delivered the kind of results Wall Street is looking for.

Jul 23, 2015

Amazon surprises with quarterly profit, stock rallies

By Anya George Tharakan and Mari Saito

(Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) swung to an unexpected quarterly profit on higher sales in North America, its popular Prime subscription service and growing demand for its Web services, sending the online retailer’s shares up more than 17 percent.

Amazon also forecast third-quarter revenue above estimates.

Sales in North America, the company’s biggest market, rose 25.5 percent to $13.8 billion in the second quarter from a year earlier, helped by strong demand for electronics and general merchandise.

Jul 22, 2015

Macy’s to expand same-day delivery to new U.S. markets, challenging Amazon

CHICAGO/SAN FRANCISCO, July 22 (Reuters) – Macy’s Inc
is expanding same-day delivery to several new U.S. markets this
summer, one of the most aggressive pushes by a brick-and-mortar
retailer in an area dominated by e-commerce giant Amazon
, according to a Macy’s official.

Macy’s, the nation’s largest department store chain, already
offers same-day delivery services in eight markets. By
partnering with Deliv, an Uber-like startup that uses a fleet of
contract drivers to pick up online orders from stores and malls,
the retailer has found a cost-effective way to expand, said the
Macy’s official, who spoke on condition of anonymity.

Jul 20, 2015

PayPal valued at about $52 bln in market return

July 20 (Reuters) – PayPal Holdings Inc shares
jumped as much as 11 percent in their highly anticipated return
to the Nasdaq on Monday, valuing the company at about $52
billion.

PayPal, spun off from eBay Inc, is widely expected
to build partnerships with e-commerce rivals and try to seize
market share from startups such as Stripe and Square and
technology behemoth Apple Inc, which unveiled its own
mobile payments service last year.

Jul 20, 2015

PayPal valued at about $50 billion ahead of market debut

By Devika Krishna Kumar and Mari Saito

(Reuters) – PayPal Holdings Inc (PYPL.O: Quote, Profile, Research, Stock Buzz) shares rose 5.9 percent in premarket trading, ahead of their highly anticipated return to the Nasdaq, valuing the company at about $50 billion.

PayPal, spun off from eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz), is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz), which unveiled its own mobile payments service last year.

Jul 7, 2015

China economic uncertainty a potential risk for U.S. chipmakers

SAN FRANCISCO (Reuters) – Tumbling markets and economic uncertainty in China pose a risk to major chipmakers such as Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) that derive a big portion of their sales from the world’s second-largest economy.

Consumer electronics giant Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) could also be vulnerable – 17 percent of the company’s overall revenue last fiscal year came from China, and in the most recent quarter it sold more iPhones in the country than in the United States for the first time.

Jul 1, 2015

Corrected – PayPal to buy digital money transfer provider Xoom

SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp (XOOM.O: Quote, Profile, Research) for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc (EBAY.O: Quote, Profile, Research).

The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom’s Wednesday closing price of $20.70.