This is quite a fascinating article on the astronomical rise in share prices for two very big companies.
Amazon shares boomed 23% higher, up $20.80, to $114.25 -- zooming past its all-time high of $113 set a decade ago. Amazon has stated that their third quarter sales have grown by an unprecedented 28%, to an amount of $5.45 billion (half a billion better than forecasted). Their earnings included 45 cents per share. They have had free cash flow of $1.9 billion over the past 12 months.
Microsoft shares were up by about 8%, or $2.06, at $28.65. The company crushed profit estimates as well, earning 40 cents per share, well above the 32 cents estimate. Microsoft has also, $1.47 billion of deferred revenue for presales of Windows 7. Within their entertainment division too, as a price cut on the Xbox in September boosted unit shipments to 2.1 million for the quarter from 1.2 million for the prior quarter.
These figures are unbelievable in this slowed down economy, and hopes for other companies are high after seeing these two companies flourish!
The main point to note is that brokers believe that people should invest their money into these two stocks - and BUY NOW!
1 comment:
These are obviously very positive reports of two tech giants. Increased revenues of Amazon mean that consumer confidence and spending is probably increasing. It is one of the most crucial factors of the US economy, and Amazon’s sales can signal future improvement in the economy. Microsoft’s report is also very gladdened. Let’s hope that more companies will have reports like these.
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