U.S. Morning Call: Amazon soars; Starbucks global sales down
Friday, April 27, 2012 - 02:33
April 27 - Amazon's quarterly results beat Wall Street's most bullish expectations, and Starbucks reports a higher quarterly profit but sales in Europe show weakness.
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Morning call this Friday first brokerages fell over themselves to raise their price target on apple now is Amazon. The online retailer of technology giant posting a profit bigger than the most bullish forecast. -- earnings. Declined from a year earlier sales rose by double digits. On heavy spending be getting paid off through sales of more digital products on its new Kindle fire tablet shares have more than 10% in the pre -- -- you are raising its price target the highest so -- today it 285. Dollars from 200. A different story for Starbucks analysts raising and cutting price targets this morning coffee chain reported better profit than expected but local sales -- established locations. Fell short of forecast into weakness in Europe. Courtly things stores sales there fell for the first time in three years. The US business which accounts for most sales performed well shares down about 4% in the premarket. More troubles for Chesapeake Energy source telling Reuters the SEC it's opened an informal inquiry into the energy firm. The regulator examining the controversial program -- granted CEO Aubrey McClendon a share in each of the natural gas producers wells. It also Reuters report about a potential conflict it is related to loans -- did not see all the wells. Also Chesapeake sport now says. It's directors had never reviewed or approved the CEOs. Mortgages on stakes in those wells reversing its prior assertions that the board was fully aware. Of those transaction. Why Smartphones sales leader is. Not apple. It's Samsung which sold nearly ten million more Smartphones than its rival the first quarter 20000 galaxy phones flying off shelves each hour. That helped the greens firm make her record five point two billion dollars in the first quarter and become the worldwide mobile phones sales leader. Passing Nokia Samsung shares hitting a lifetime high near one point four million -- or about 12100 dollars a share -- -- economic docket today first quarter GDP. Economists looking for growth slowed from the 3% in the fourth quarter. He estimates and a half percent which is well above earlier predictions for only a one half percent gain. Strong automobile sales expected to drive the rise that report coming out at 8:30 and that's your morning call this Friday I'm Rhonda schaffler this is Reuters Insider.
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