Amazon, Google, Microsoft, Starbucks Climb; Biogen, Xerox Decline

Manish Shah
24 Apr, 2015
New York City

Amazon net swung to a loss. Biogen profit surged 71%. Comcast terminate its $45.2 billion deal. DTE Energy net tumbled 16%. Google profit jumped 4%. LyondellBasell net surged 24%. Microsoft net plummeted 12%. Starbucks net climbed 16%. Xerox net slumped 20%.

[R]1:55 PM New York – Amazon net swung to a loss. Biogen profit surged 71%. Comcast terminate its $45.2 billion deal. DTE Energy net tumbled 16%. Google profit jumped 4%. LyondellBasell net surged 24%. Microsoft net plummeted 12%. Starbucks net climbed 16%. Xerox net slumped 20%.[/R]

Tollbooth Index jumped 1% or 104.45 to 10,927.37.

Earnings Review

Amazon.com, Inc ((AMZN)) surged 14.7% or $57.58 to $447.41 after the online market place reported net sales in the first-quarter ending in March soared 15% to $22.72 billion from a year ago period.

Net in the quarter swung to a loss of $57 million or 12 cents per diluted share compared to profit of $108 million or 23 cents from the same quarter last year.

Amazon forecasted net sales for the second-quarter between $20.6 billion and $22.8 billion, or to climb between 7% and 18%.

Biogen Inc ((BIIB)) plunged 6% or $26.03 to $404.25 after the biotechnology company said total revenues for the first-quarter ending in March climbed 20% to $2.55 billion from a year ago period.

Net income in the quarter surged 71.4% to $822.54 million or $3.49 per diluted share compared to $479.96 million or $2.02 from the same quarter last year.

Comcast Corporation (CMCSA) rose 1 cent to $59.24 after the cable TV and internet services provider and Time Warner Cable Inc have mutually agreed to terminate its $45.2 billion deal after concluding merger may be rejected by the regulators.

U.S. Justice Department and Federal Communications Commission said the combined company will have an unfair advantage in the Internet services market.

The cable companies spent approximately $17 million for lobbying and media campaigns in promoting the benefits of the merger.

DTE Energy Co ((DTE)) fell 10 cents to $82.72 after the electric utility company said revenues in the first-quarter ending in March plunged 24.2% to $2.98 billion from a year ago period.

Net income in the quarter tumbled 16.3% to $273 million or $1.53 per diluted share compared to $326 million or $1.84 from the same quarter last year.

Google Inc ((GOOG)) climbed 3.4% or $18.79 to $565.76 after the search engine services provider reported revenues in the first-quarter ending in March climbed 11.9% to $17.26 billion from a year ago period.

Net income in the quarter jumped 4.1% to $3.59 billion or $5.20 per diluted share compared to $3.45 billion or $5.04 from the same quarter last year.

LyondellBasell Industries NV jumped 2.9% or $2.85 to $100.42 after the Netherland-based chemical producer stated revenues in the first-quarter ending in March plummeted 26.5% to $8.19 billion from a year ago period.

Net income in the quarter surged 23.8% to $1.17 billion or $2.42 per diluted share compared to $944 million or $1.72 from the same quarter last year.

Microsoft Corporation ((MSFT)) soared 9.1% or $3.94 to $47.27 after the operating systems developer reported revenues in the third-quarter ending in March jumped 6% to $21.73 billion from a year ago period.

Net income in the quarter plummeted 11.8% to $4.99 billion or 61 cents per diluted share compared to $5.66 billion or 68 cents from the same quarter last year.

Starbucks Corporation ((SBUX)) jumped 4.6% or $2.27 to $51.70 after the specialty coffee retailer said revenues in the second-quarter ending in March soared 17.8% to $4.56 billion from a year ago period.

Net income in the quarter climbed 15.9% to $494.9 million or 33 cents per diluted share compared to $427 million or 28 cents from the same quarter last year.

Ventas, Inc ((VTR)) decreased 14 cents to $72.92 after the real estate developer stated revenues in the first-quarter ending in March surged 19.2% to $884 million from a year ago period.

Net income in the quarter slid 0.5% to $120.4 million or 37 cents per diluted share compared to $121 million or 41 cents from the same quarter last year.

Xerox Corp ((XRX)) tumbled 9.7% or $1.28 to $11.86 after the business support services provider said total revenues in the first-quarter ending in March dropped 6% to $4.47 billion from a year ago period.

Net income in the quarter slumped 20% to $225 million or 19 cents per diluted share compared to $281 million or 23 cents from the same quarter last year.