(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.
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 ...
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.
By David Zanoni:Many retailers have experienced better than expected same-store sales for March 2012. Target (TGT) is one such retailer which reported an increase of 7.3% for March same store sales. This has led the retailer to raise its earnings per share forecast for the first quarter to hit $1.04 to $1.10 compared to the previous estimate of $0.97 to $1.07.
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.
The Samwer brothers, who are trying to create product that will be main competitor of Amazon and Alibaba have managed to raise $400 million capital from investors like Len Blavatnik, Russian-born billionaire, reported Financial Times.