The World’s Largest Online retailer Amazon has excited investors with significantly better quarterly results than expected. The stock jumped by around 18 percent in after-hours trading. Overall, Amazon earned from April to June 92 million US dollars.
Oil price drop pushes again BASF profit – Outlook remains
Friday, 24 July, 08.38 Clock: When chemical company BASF has left its mark again in the second quarter of significantly lower oil price. It is better, however, ran the business with catalysts and construction chemicals. The operating profit (EBIT) before special items rose by 2 percent to approximately 2.0 billion euros, as the company is listed on the Dax announced in Ludwigshafen on Friday. Thus BASF missed analysts’ expectations. Sales rose thanks to a weaker euro by three percent to 19.1 billion euros.
The bottom line is a creditable for shareholders profit of almost 1.3 billion euros remained. That was about as much as in the same period last year. For the current year, BASF is aiming to continue a slight increase in sales. Operating profit before special items to remain at the previous year’s level.
Thanks to the cloud business: Amazon stock shoots up
23.27 Clock: The World’s Largest Online retailer Amazon has investors with significantly better quarterly figures than expected enthusiastically. The stock jumped by around 18 percent in after-hours trading. Amazon had returned in the last quarter after a jump in sales of 20 percent in the profit zone. Most impressive was the development in the cloud business, provides the computing power of the network for many startups and established businesses. Sales in the shot yoy by more than 80 percent to $ 1.82 billion high and the operating profit of 77 391 million dollars.
Overall, Amazon earned from April to June 92 million US dollars. In the previous quarter, the Group had lost $ 57 million and in the year-ago quarter $ 126 million. Company founder Jeff Bezos had been constantly working to re-invest the money earned in the rapidly expanding business. Investors therefore accustomed to, at best, small profits, even if they abstraften weak quarters every now and then with price markdowns. Now the results exceeded analysts’ expectations significantly. With the post-trade price jump Amazon overtook the market value the supermarket giant Wal-Mart.
The sales reached nearly $ 23.2 billion, as Amazon announced after US market close on Thursday. In its home market, sales grew by a quarter to nearly $ 13.8 billion. Operating profit was 703 million more than doubled. In international business, however, there was only an increase in sales by three percent to $ 7.56 billion, and the operating loss increased from 2 to 19 million dollars. The international numbers are depressed by the strong dollar exchange rate when converted to the US currency.
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