A lot of attention is currently on Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT), but there’s another tech giant that hit a new high in the stock market today: Facebook (FB). Facebook on Thursday announced that it had updated its search feature by indexing trillions of posts. The social networking giant says that this is a way to track the discussion of news events in real time. It helps Facebook better compete with Alphabet’s Google unit
Amazon.com late Thursday reported that it had swung to an unexpected profit in Q3 as revenue jumped 23% and also beat Wall Street expectations. The No. 1 e-commerce company, Amazon.com (AMZN) posted revenue of $25.4 billion, where analysts polled by Thomson Reuters had expected $24.9 billion. Amazon earned 17 cents a share vs. a year earlier’s 95-cent loss. Amazon stock was up 10% in after-hours trading. Shares rose 1.5% in the
Amazon.com (AMZN) is on a hot streak, having beaten analyst expectations for Q1 and Q2, sending its stock to a record high. Some analysts expect a third beat when Amazon posts Q3 earnings Thursday after the close. Q1’s beat sent Amazon stock up 14% while Q2’s sent it rising nearly 10% to a record high above 580. Analysts expect the No. 1 e-commerce company to report $24.9 billion in revenue, a 21% increase over last year’s Q3. That would mark its