AFTER HOURS: Apple, Amazon, Alphabet, Biomerica

A Peek Into The Markets U.S. Stock Futures Mixed Apple Alphabet Earnings In Focus

A Peek Into The Markets U.S. Stock Futures Mixed Apple Alphabet Earnings In Focus

Amazon posted revenues of $60.5 billion for the last quarter of 2017, which is up from $43.74 billion in the same period of 2016. However, earnings increased 2% sequentially and 29% year over year.

Alphabet disappointed investors with its quarterly results as it felt the impact of heavy spending on promotions for its Pixel2 smartphone, YouTube TV, and cloud services.

Alphabet generated $110.9bn in full-year revenue for 2017, up 23pc from 2016 and breaking the $100bn mark for the first time in the company's history.

This was boosted by a tax benefit of about $789mln under the new United States tax laws.

Alphabet shares fell more than 5% in after-hours trade, before paring those losses. However, Alphabet's shares have returned 42.6% in the past 12 months, outperforming the industry 's growth of 31.4%.

On a conference call with analysts, CEO Sundar Pichai called the cloud unit "a billion dollar per quarter business".

Alphabet declared that its board has authorized a share repurchase plan on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares.

The primary drivers of the Google business haven't changed.

Performance in Google properties showed incredible strength. "Becoming a more AI-focused company will help that proceed".

YouTube continues to remain a strong contributor, benefiting from growth in online video consumption.

But the most interesting news of the day came from Facebook. The segment also includes revenue from Google's DoubleClick Bid Manager, AdMob and Google AdX.

One of the key rising costs was traffic acquisition, which has been a growing concern for the firm as search shifts from desktop to mobile. Odey Holdings AG boosted its holdings in Alphabet by 18.2% in the second quarter. More than 1.5 billion people a month use the site, which is now localized in 90 countries. GOOGL reported revenue of $3.4 billion in the Google Other bucker in Q3 which was an increase of 40% year-over-year. However, the company reported $9.70 earnings a share, missing analysts' forecasts. Google's cost per click, or what advertisers pay each time someone clicks on an ad, declined 14% during the period.

Schmidt's decision ended a 17-year run in which he played a central role in building a promising startup called Google into a global technology powerhouse. GOOGLE reported the revenue of $302 million in Q3 for Other Bets which happens to be a growth from the $196 million in the prior-year quarter.

The company has disclosed it has US$100.8 billion cash and cash equivalents (including marketable securities). The firm did miss our expectations and consensus on the bottom line, as traffic acquisition costs continued to grow. Stuart Chaussee & Associates Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at about $123,000. MELI, sporting a Zacks Rank #2 (Buy).

Amazon's net profit soared sharply.

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