Amazon and Starbucks Stocks Could Continue To Rise

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.

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