Shares Amazon.com, Inc. AMZN rose more than 10 percent on Thursday’s after-hours trading session, following the announcement of the company’s third quarter financial results. The online retailer rose on an earnings beat and strong guidance.
Third quarter earnings came in at $0.17 per share on revenue of $25.358, well above the Street’s expectations. In fact, experts were modeling a consensus net loss of ($0.10) per share on sales of $24.851 billion.
Shares of Alphabet Inc GOOGL GOOG, formerly Google, also rose about 10 percent since the bell rang. The tech giant reported earnings of $7.35 per share on revenue of $15.109 billion, beating the Steet’s consensus estimate of $7.25 per share and $15.087 billion.
Also moving on its earnings report was Microsoft Corporation MSFT, up roughly 5 percent since the market closed. The maker of Windows OS delivered earnings of $0.67 per share on revenue of $21.66 billion, beating experts’ forecasts, which called for earnings of $0.57 per share on sales of $21.23 billion.
On the other hand, Pandora Media Inc P fell more than 15 percent since the bell rang – on a poor earnings report. The Internet radio company retrieved a net loss ($0.40) per share on revenue of $311.6 million, below the Street’s expectations for earnings of $0.10 per share and revenue of $312.39 billion.
Finally, there’s Skechers USA Inc SKX, which fell approximately 25 percent on its financial results. The Street was projecting consensus earnings of $0.54 per share on revenue of $868.4 million. However, EPS came in at $0.43, and revenue, at $856.2 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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