Markets Set for Lower Open, Google Shines, Amazon Misses
U.S. markets are set to open lower as two tech titans deliver very different quarterly reports.
U.S. markets look set to open lower on continuing concerns about emerging markets. Google misses profit estimates but posts higher revenue as advertising sales climb 17%. Amazon misses earnings estimates and issues a forecast for current quarter sales that is below what Wall Street was expecting. A bit of a different story for Chipotle. The burrito chain beat analyst estimates with its latest earnings report and also said sales climbed 21% from the same period a year ago. Microsoft is reportedly getting closer to naming a new CEO to succeed Steve Ballmer. The internal candidate is Satya Nadella, EVP of cloud and enterprise at Microsoft. TheStreet's Ruben Ramirez reports from the Nasdaq MarketSite in New York.
