Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Earnings drive Amazon to record high

Wednesday, January 30, 2013 - 01:57

Jan. 29 - Summary of business headlines: Amazon reports highest profit margin in years, Ford and Pfizer beat forecasts, Microsoft's new Office software launches, consumer confidence drops. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

Amazon stock rose more than 10 percent in after hours trading after its earnings beat forecasts. The online retailer reported revenue jumped 22 percent in the crucial holiday period. Operating income surged 56 percent and the company had its highest profit margin in over three years in North America. Also out today: Ford earnings beat forecasts- but warned of a $2 billion loss in Europe this year because of the recession. Pfizer's earnings quadrupled- and beat forecasts- helped by rebounding sales in emerging markets. But the largest U.S. drugmaker warned 2013 profits would be weaker than Wall Street has estimated. Rival Eli Lilly also beat forecasts. Shares of both companies rose. Microsoft launched its new Office 365 software- its most profitable product line. Subscriptions will cost $100 a year. Morningstar's Norman Young: NORMAN YOUNG, SENIOR EQUITY ANALYST, MORNINGSTAR (ENGLISH) SAYING: "People like, a Google Docs, are coming out with competitive products that are not necessarily the same but may be good enough and so I think the point of having Office 365 is that it offers users or customers a little more flexibility on payments. It gives them a lot more robust of a product and it keeps them updated." Apple stock rose after it said it would sell an iPad with 128 gigabytes of storage- twice that of existing models. Consumer confidence dropped to its lowest level in more than a year in January. Americans are more pessimistic about the economic outlook and their own financial prospects, according to the Conference Board. Home prices rose 0.6 percent, as expected in November, that according to the S&P Case/Shiller Home Price Index. U.S. markets turned in a mostly winning session. The S&P 500 is on track for its best month since October of 2011. European Markets had a solid day, hitting fresh two-year highs on optimism about global economies.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Earnings drive Amazon to record high

Wednesday, January 30, 2013 - 01:57

Top News »

Editors' Picks »

Moving Pictures »

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)