Amazon Q1 Revenue Beats, EPS Meets, Outlook Light

Amazon late Thursday reported improving sales growth but earnings just met analyst forecasts amid hefty shipping costs. The Seattle-based e-commerce king said first-quarter earnings rose 28% vs. a year earlier to 23 cents a share, meeting the consensus of 44 analysts polled by Thomson Reuters. That excludes one-time costs but includes stock-based compensation. Sales rose 23% to $19.74 billion, modestly beating views of $19.43

Microsoft Q3 Earnings Beat, Lifted By Cloud Offerings

Software leader Microsoft late Thursday beat Wall Street’s target for earnings per share on in-line sales for the March quarter, citing momentum behind its cloud computing services. Microsoft (MSFT) earned 68 cents a share, down 6% from the year-earlier quarter but topping the consensus target of 63 cents among analysts polled by Thomson Reuters. Sales slipped a fraction to $20.4 billion from $20.49 billion, a shade over Wall Street’s forecast,

Baidu Reports EPS Hike As R&D Spending Growth Slows

China’s search leader Baidu posted a surprise EPS jump in Q1, as the company decelerated its R&D spending. Beijing-based Baidu (BIDU) late Thursday reported earnings per share minus items of $1.24, up 22% from $1.01 in the year-earlier quarter and well above the 95 cents analysts expected. Sales rose 59% to $1.53 billion, just shy of the consensus of $1.54 billion by analysts polled by Thomson Reuters. Baidu forecast current-quarter sales of

Apple Boosts Computer Stocks; Zebra, Others Basing

Apple’s (AAPL) strong earnings report has boosted computer hardware stocks. The iPhone maker jumped to a near four-month high after its fiscal Q2 report, which included a 7-for-1 stock split, an increase in its share repurchase program and a hike in its quarterly dividend. That propelled the 18-stock computer hardware and peripherals industry group to the biggest gain among IBD’s 197 industry groups Thursday. Several stocks in the highly ranked

5 key takeaways from Apple’s Q2 financial report

Apple proved that its growth story is alive and well late Wednesday by reporting its best sales increase in five quarters and best earnings-per-share growth in six quarters, even without new products to tout. Apple (AAPL) earned $11.62 a share, up 15% from the year-earlier quarter, on sales of $45.6 billion, up nearly 5%, for its fiscal second quarter ended March 29. Analysts expected the company to earn $10.18 a share on $43.53 billion in sales. The Cupertino, Calif.-based company also announced a seven-for-one stock split, significantly increased its stock buyback program and raised its cash dividend. Apple shares were up 8% in afternoon trading on the stock market today, near 567, a four-month high. Here are five key takeaways from Apple’s March quarter financial report. 1. Emerging markets boost iPhone sales Apple sold 43.7 million iPhones in its Q2, easily exceeding Wall Street’s forecast for about 37 million units…