That few curve predicted. The Online Retailing powerhouse continued to drive along to get people the items they want at their doorstep when they want them. And its efforts are paying off. More customers joined its prime Loyalty Program and revenue jumped in its Cloud Services businesses. Look at the numbers. Amazon reported earnings of 1. 07 a share, estimates were almost half that fay cents a share. Sales of 29 billion were 28 higher than a year ago surpassing not only wall street estimates but amazons own forecasts and as for shares, they took off. Initially in afterhours trading, there is a chart of them. Josh lipton has more on amazons strong results. Reporter 1. 1 billion. That was a big number in amazons earnings release. It refers to the operating income that amazon reported for t e first quarter, and it was way above analyst estimates. Aaron kessler of Raymond James says that number proves two points. One, amazon candle straight leverage when it wants to. Also, the company is b
Welcome. A blowout quarter from amazon that few curve predicted. The Online Retailing powerhouse continued to drive along to get people the items they want at their doorstep when they want them. And its efforts are paying off. More customers joined its prime Loyalty Program and revenue jumped in its Cloud Services businesses. Look at the numbers. Amazon reported earnings of 1. 07 a share, estimates were almost half that fay cents a share. Sales of 29 billion were 28 higher than a year ago surpassing not only wall street estimates but amazons own forecasts and as for shares, they took off. Initially in afterhours trading, there is a chart of them. Josh lipton has more on amazons strong results. Reporter 1. 1 billion. That was a big number in amazons earnings release. It refers to the operating income that amazon reported for the first quarter, and it was way above analyst estimates. Aaron kessler of Raymond James says that number proves two points. One, amazon candle straight leverage w
Here. Bucking the trend of ipos, look at ferrari. Those shares are trading on their first day of trading at the New York Stock Exchange. Luxury automaker also lining the outside of the exchange with all these different models. You can see whether the stock can hold on to these gains as we head into the close. Looks like the most expensive used car lot in the world outside on broad street today. Meanwhile, carl icahn is getting political. Hes launched a 150 million super pac with his own money. Well break down whats behind the billionaires move. And china versus mexico. Henry mcvey in a cnbc exclusive. Hell tell us what he found over there. Very, very instructive. You want to stay tuned. Lets start with this crazy story about valeant pharmaceuticals. Meg has this story about the huge decline. And finally the Company Coming back with a response of some kind. It has been a crazy day for valeant. Lets start by whats been going on. Today there have been some reports into relationships with
For investors that techs big run may be running out of steam and fast. But we do begin with the world of daily Fantasy Sports under fire. The new York State Attorney general ordering two of the biggest players in the space to stop accepting bets. Mandy, whether or not you believe daily Fantasy Sports is gambling, Eric Schneiderman says it is and its the illegal variety. Now, as new york states top Law Enforcement official, his word carries a lot of weight and like you said, hes demanded that fan duel and draft kings stop taking wagers within the state. Now, this is the most Important Development in the daily fantasy saga so far just because according to sports economist Patrick Reich at washington louis st. Louis, new york based players make up 10 of this billion dollar industry. Snydermans argument is daily Fantasy Sports or dfs meets the states criteria for gambling and its not like traditional Fantasy Sports where there are weeks of commitment towards an end gold of winning your poo
As you can see its likely a total loss. First, meteorologis t kaj omara has your first alert forecast, kaj. Now that our cold front has moved through the area, plan on temperatures to be around seasonal averages today with highs back in the lower 50s. There will be some sun out there though, which will help quite a bit. Plan on more of the same for tomorrow with some gradual warming from sunday through tuesday. Our next opportunity for rain comes in around wednesday and thursday of next week. Temperatures should generally average in the 50s with lows down into the 30s. Have a great weekend toda y mostly sunny, cooler high 5056 winds nw 1020 alo 52 dbq 50 iow 54tonight mostly clear low 3238 winds w 510 alo 32 dbq 34 iow 35tomorrow mostly sunny, seasonable high 4753 winds nw 515 alo 50 dbq 50 iow 53tomorrow night mostly clear low 2733 winds light w alo 30 dbq 30 iow 32 thanks kaj. The defense and prosecution will give their closing arguments today at 11 in the trial of a man accused of f