Shares of Facebook surged as much as 10 percent after hours on Wednesday. The social media titan posted better-than-expected earnings, beating on the top and bottom lines. The company earned $16.91 billion in revenue, which beat Wall Street’s estimates of $16.39 billion. Earnings per share were $2.38, higher than the expected $2.19.
Today is going to be pretty wild for earnings but there’s 1 specific stock we’re keeping our eyes on.
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Amazon Inc. (AMZN) is scheduled to report fourth-quarter earnings on Thursday after the closing bell and SunTrust Robinson Humphrey analysts warn the e-commerce giant has a patchy track record with holiday quarter estimates. So based upon that be a little weary of this giant.
Amazon owes its success to a whole host of reasons, but most notably, the company’s constant strive to improve and innovative are working in their favor. The company is working on it’s own delivery service to compete with shipping companies they also fuel. Amazon is also raking in revenue from advertisements, and their cross-market relevance only continues to grow as it advances on healthcare and pharmaceuticals, grocery shopping, and more.
Microsoft (MSFT) reported earnings Wednesday night – despite increasing overall, revenue was below forecast. While many investors view the company as potentially risky, it may also be an opportunity. The stock is down so far today but well worth watching.
Chipmaker Advanced Micro Devices Inc. (AMD) rose nearly 20% on Wednesday, following the company’s positive quarterly earnings post. AMD also expects 2019 margins to surpass forecasts. The company has defied the sector’s anxious outlook, following Nvidia Corp’s (NVDA) sales warning from earlier this week.