Stocks to Watch: Amazon, Starbucks, Ford
NEW YORK -- Amazon.com (AMZN), the online retailer, topped analysts' earnings estimates and said profit margins held steady.
Amazon's margins in the first quarter were 1.45%, in line with the fourth quarter's 1.5%.
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Amazon posted earnings of 28 cents a share as revenue rose 34% to $13.2 billion, thanks in part to strong Kindle Fire sales.
Analysts expected Amazon to report earnings of 7 cents a share on revenue of $12.9 billion.
Amazon provided second-quarter revenue guidance, with the midpoint slightly below Wall Street estimates. Amazon: It's All About the MarginsStarbucks (SBUX), the coffee seller, said fiscal second-quarter profit rose 18% and it raised its forecast for the year. Starbucks said global same-store sales rose 7% in the period. Same-store sales in China and the Asia Pacific jumped 18%. Sales rose 8% in the Americas, but fell 1% in the region encompassing Europe, Middle East, Russia and Africa. 14 Deal-Ready Stocks for the M&A Boo
Automaker Ford (F) is expected by analysts before the bell Friday to report first-quarter earnings of 35 cents a share on revenue of $31.5 billion. 10 Stocks Poised to Rise in Apple's Wake
Also reporting Friday before the opening bell are three Dow components: Chevron (CVX), Merck (MRK), and Procter & Gamble (PG).
Expedia (EXPE), the online travel company, posted a first-quarter loss, but profit excluding certain costs in the period beat expectations. Expedia posted adjusted profit of 26 cents a share; analysts were expecting earnings of 15 cents. Revenue rose 12% to $816.5 million; analysts forecast revenue of $792.3 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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