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Amazon’s disappointing second-quarter earnings continued to batter its stock price Friday — and the pain may not stop any time soon.
A number of analysts have either downgraded or reduced their price target for the online retailer’s stock, issuing caution as they wait to see when CEO Jeff Bezos’s high-spending ways will pay off. 461 more words
Wireless giant Verizon Communications said Tuesday that increased wireless contracts and home Net subscriptions helped drive the wireless giant to its largest quarterly revenue growth in 18 months. 15 more words
Netflix, the popular streaming and mail-order DVD service, continued its roll in the second quarter. The company said its brought in $1.34 billion in revenue, and earnings more than doubled, to $71 million or $1.15 per share, from $29 million or 49 cents, a year ago. It also added more…
“Did sales bounce back in Q3? The 26 analysts Fortune polled are almost evenly divided on the question, with slightly more expecting iPad sales to be lower this quarter than they were the same quarter last year,” Philip Elmer-DeWitt reports for Fortune. 114 more words