Amazon stock jumps 14% as sales batter and AWS growth overcomes second straight quarterly loss

Amazon.com Inc. decided to cut spending after years of pumping money into growth, and the result was a second straight quarterly loss, but slowing sales and continued strong growth for Amazon Web Services. helped push the stock higher after hours trading. Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or 20 cents … Read more

Visa beats profit expectations as CFO sees ‘no evidence of pullback’ in spending

Visa Inc. beat expectations with its latest results on Tuesday and sent an optimistic signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid growing concern about the state of the consumer given factors such as rising inflation and rising interest rates, Visa V, -0.83% joined another card company American … Read more

A 3-day tech revenue deluge begins. Here are the main issues to follow.

Text size Microsoft and a host of other tech giants are expected to report results this week. Jeenah Moon/Getty Images Over the next three days, investors will be bombarded with June quarter earnings reports from the industry’s biggest players. Tuesday, Microsoft (symbol: MSFT) and Alphabet (GOOGL) will communicate the results. Wednesday, Metaplatforms (META) will be … Read more

A 3-day tech revenue deluge begins. Here are the main issues to follow.

Text size Microsoft and a host of other tech giants are expected to report results this week. Jeenah Moon/Getty Images Over the next three days, investors will be bombarded with June quarter earnings reports from the industry’s biggest players. Tuesday, Microsoft (symbol: MSFT) and Alphabet (GOOGL) will communicate the results. Wednesday, Metaplatforms (META) will be … Read more