Reuters - Video

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

Top News

Earnings drive Amazon to record high

Tuesday, Jan 29, 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.

Earnings drive Amazon to record high

Tuesday, Jan 29, 2013 - 01:57

Most Popular »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

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

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

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

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

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

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

Adopted, then abandoned online Adopted, then abandoned online

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

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

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

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

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

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

Sat, Dec 08, 2012 - (10:01)

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

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

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

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

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

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

Burned memories Burned memories

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

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

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

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

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)