(Reuters) - Shares of Amazon.com Inc rose 16 percent in premarket trading on Friday, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
Shares of Amazon.com Inc rose 16 percent in premarket trading on Friday, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
Goldman Sachs Group Inc (GS) analyst Jami Rubin has increased the price target on AbbVie Inc (ABBV) stock from $68 to $73, citing strong margins for its third quarter of the year.
The company had announced its third-quarter (3QFY14) financial performance before the market opened on Friday. Third-quarter revenues for AbbVie showed a year-over-year (YoY) increase of 7.8% and the bottom line showed a YoY growth of 8.5%.
Exxon Mobil Corp, the world’s largest publicly traded oil company, on Friday reported a higher-than-expected 6% increase in quarterly profit on stronger results at its chemical and refining businesses.
The Irving, Texas company said profit in the fourth quarter was $9.95 billion, or $2.20 per share, compared with $9.4 billion, or $1.97 per share, in the same period a year earlier.
Analysts on average expected a profit of $2.00 per share, according to Thomson Reuters I/B/E/S.
SAN FRANCISCO (Reuters) - Amazon.com Inc said on Tuesday that fourth-quarter revenue jumped 22 percent to $21.27 billion as the world's largest Internet retailer grabbed a big share of online spending during the crucial holiday period.
Amazon.com Inc reported quarterly results on Thursday that showed the growth of new businesses is boosting the profit margins of the world's largest Internet retailer. Shares of the company rose 1.6 percent ...
DETROIT — Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7% in after-hours trading.
Tesla posted a higher-than-expected first-quarter operating profit and said its operating automotive gross margins in the current quarter would increase slightly. S&P Capital IQ analyst Efraim Levy called the outlook a disappointment, saying investors had hoped for something better.
Online retail titan Amazon.com saw its stock price soar after the release of quarterly earnings figures that trounced forecasts, with sales skyrocketing in the first three months of the year.Sales rose 34 percent to $13.18 billion while net income sank about the same percentage to $130 million when compared to the same quarter last year, the Seattle, Washington-based firm reported.Amazon said that it continued to invest in digital television shows, films, and books for its "Prime" online service or hot-selling Kindle e-readers.