This earnings season, tech giants Amazon.com, Google and Microsoft curbed their spending to buck up their bottom lines. And Wall Street is applauding. Amazon.com (AMZN) posted a surprise second-quarter profit last Thursday in part because its costs were less than expected. Some analysts wondered if Amazon’s Q2 report is a sign that the company is starting to move away from years of heavy investing in its e-commerce and cloud
Masco (MAS) became the latest company to forecast continued growth in the home remodeling and construction markets as the stock soared Tuesday after reporting Q2 results. “We believe the underlying demand for our products will increase and that the repair and remodeling business will continue to improve,” the company said in reporting $1.93 billion in sales, 3% greater than a year earlier. Adjusted earnings came in a 38 cents a share, a 36%
Twitter (TWTR) late Tuesday posted Q2 sales and earnings that exceeded Wall Street views, but shares reversed amid concerns about user growth for the microblog, which is still looking for a new permanent CEO. It also moved shares of fellow social networks Facebook (FB) and LinkedIn (LNKD), which report later this week. Twitter stock rose 5% in initial after-hours action, but then reversed to trade down nearly 7% amid continued concerns about