Amazon first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments. Amazon reported a loss of $57 million. Amazon's sales from North America rose 24% to $13.4 billion and the international unit, which accounts for about 35% of total sales, remained a drag, with sales slipping 1.77% to $7.75 billion. (Reuters)
Google posted first-quarter profits of $3.59 billion. The Internet search leader posted revenue of $17.26 billion. Google shares have increased slightly more than 5% since the beginning of the year. (AP)
Microsoft beat Wall Street's expectations for quarterly sales and earnings by a wide margin. But it was still the company's second straight quarter of declining earnings and single-digit sales growth as sluggish PC sales continue to drag on the software leader. For the quarter, Microsoft earned 61 cents, down 10% year over year, on sales of $21.73 billion, up 6%. (Investor's Business Daily)
The icon of women entering the US workforce was “Rosie the Riveter”. The model for that Norman Rockwell painting – Mary Doyle Keefe - has died at age 92. (AP)
Join us Saturday at 10am for Financial Focus when we will dissect this big week of earnings season.