Quarterly results late today. We begin with amazon and its big earnings miss, not coming anywhere near where wall street was expecting. And one reason was a sharp rise in the ecommerce companys shipping costs which rose more than 40 . Other expenses included investments in new Growth Markets like fashion and beauty. Here are the numbers. Amazon earned 52 cents a share. Wall street was looking for 78 cents. Revenue rose 29 from a year ago to 32 billion. But its Sales Guidance wasnt as strong as some would have liked. That sent shares lower in initial after hours trading. Heres the onekey takeaway from amazons results. Reporter over the last two quarters, amazon has blown earnings expectations out of the water. When it came up short this time, the stock went lower in the after hours. Amazon was expected to make a killing in the ecommerce space during the allimportant Holiday Shopping season but its outlook fell a little short. On the bright side, its ecloud business continues to grow at
Quarterly results late today. We begin with amazon and its big earnings miss, not coming anywhere near where wall street was expecting. And one reason was a sharp rise in the ecommerce companys shipping costs which rose more than 40 . Other expenses included investments in new Growth Markets like fashion and beauty. Here are the numbers. Amazon earned 52 cents a share. Wall street was looking for 78 cents. Revenue rose 29 from a year ago to 32 billion. But its Sales Guidance wasnt as strong as some would have liked. That sent shares lower in initial after hours trading. Heres the onekey takeaway from amazons results. Reporter over the last two quarters, amazon has blown earnings expectations out of the water. When it came up short this time, the stock went lower in the after hours. Amazon was expected to make a killing in the ecommerce space during the allimportant Holiday Shopping season but its outlook fell a little short. On the bright side, its ecloud business continues to grow at
With his father leading the charge of the panthers remembers solitude yearold andre jackson. Emotional its friday night was his favorite night of the week he lived for friday nights. After taking a few moments to reflect the people in the standard released balloons into the heaven teams played with inspiration from andre i wanted to push the game back when they demanded the play on friday night they just wanted to play for dry tonight spoken form and place for drinks. Andre died sunday. The medical examiner says andre died from a ruptured bowel after he was struck in the abdomen all that he wore number 48 last weeks original jersey his father proudly held he was honored on the field on helmets and on uniform. Of the hardest thing is knowing he wont be in that locker room with us tonight. Andres coaches that he will forever be a 12th man on the field of. Im going to miss him coming in at night from the games at telling me doubt who one who did what we love these guys out on the steam. A
Mandy. We start with the markets and the fear in the markets specifically. Volatility is really moving. The vix is up 18 during this very volatile week and then the war between sunnis and shiites really heating up in yemen. Saudi arabia launching strikes and threatening a Ground Invasion against iranianbacked militias. Ty. All right. Thanks very much. The other big risk folks, is puerto rico. A number of big hedge funds have exposure to its bonds, and some are calling it americas version of greece. The food isnt as good. Fitch downgrading puerto ricos general obligation and related debt two notches. Deeper now into junk. Fitch concerned about the islands ability to carry out a financing plan and the willingness of the legislature to pay. Earlier this month puerto rico delayed a 3 billion bond sale, and now were going to move forward here until may and lawmakers are considering whether to default on government issued debt. You just saw that television get made right there. Stand closer
The skies over capitol hill. Whats going on there is landing like a led balloon on wall street. If youre losing money the last four days, you know who it is. Senate majority leader harry reid says the u. S. Is probably going over the fiscal cliff. Hes planning a news conference. We dont have the exact time. When it goes, well go there. Investors getting quite nervous. Obviously the dow dropping below 13,000. The First Time Since early december. Fear index is spiking the vick. What going over the cliff will mean for you and your money. We will talk about it this hour. Airline stocks flying high sitting at 1 1 2 year highs. Will it be smooth skies for the industry next year in 2013. Phil lebeau has the report. How about housing . What a story housing has been this year. A milestone. Home prices on track for their first yearoveryear gain since 2006. Is the worst finally over . Some say yes, others say no. What does Michelle Carusocabrera say. Tyler, lets drill down to the numbers you were