Amazon.com (AMZN) reportedly is being sued by several drivers in its Prime Now delivery business. Four couriers filed the lawsuit in Los Angeles Superior Court and are demanding Amazon pay back wages, compensation for expenses such as fuel, and that Amazon allegedly isn’t paying tips it receives to the delivery workers, according to media reports. The workers also claim the company improperly classifies them as contractors, not employees, and that
Amazon.com (AMZN) delivered a gargantuan Q3 earnings estimate beat last week. It put the e-commerce giant on IBD’s Estimate Beaters Screen of the Day, which filters for top-rated companies with blowout profits. Several other Estimate Beaters technology stocks, including LinkedIn (LNKD), Fitbit (FIT) and Ctrip (CTRP), will report new quarterly results soon. Amazon, the 800-pound online retail gorilla, stomped on and crushed analysts’ Q3 forecasts
Wal-Mart (WMT), Rent-A-Center (RCII), Cheesecake Factory (CAKE) and a trio of chipmakers led Monday’s after-hours action. Following Amazon’s (AMZN) lead, Wal-Mart has applied for FAA approval to test drones for home delivery, curbside pickup and inventory-checking, according to Reuters. Shares were up 0.1% in extended trading. Rent-A-Center crumbled 19% late after its full-year guidance disappointed investors. The company sees EPS of $2-$2.10,