The biggest online retailer, Amazon.com (AMZN) has just topped analysts’ earnings estimates and said profit margins held steady.
Amazon posted earnings of 28 cents a share as revenue rose 34% to $13.2 billion, thanks in part to strong Kindle Fire sales. Analysts expected Amazon to report earnings of 7 cents a share on revenue of $12.9 billion.
Amazon provided second-quarter revenue guidance, with the midpoint slightly below Wall Street estimates.
Starbucks(SBUX), the coffee seller, said fiscal second-quarter profit rose 18% and it raised its forecast for the year.
Starbucks said global same-store sales rose 7% in the period. Same-store sales in China and the Asia Pacific jumped 18%. Sales rose 8% in the Americas, but fell 1% in the region encompassing Europe, Middle East, Russia and Africa.