Amazon.com Inc.’s massive growth just grew even more massive in the first quarter, as the e-commerce giant reported Thursday that profit more than doubled and sales continued to accelerate. Amazon AMZN, +3.96% reported net income of $1.6 billion, or $3.27 a share, up from $724 million, or $1.48 a share, a year ago. Revenue jumped … Read more
What is a ‘Cash Hoard’ A cash hoard is a large amount of available money held on hand by a company. Typically, this amount is much larger than what would be needed to satisfy short-term liability obligations. The reason for the cash hoard could be anticipation of facilitating future projects or meeting future financial obligations. … Read more
What is an ‘Unlimited Liability Corporation – ULC’ An unlimited liability corporation (ULC) is a corporate structure used in Canada that allows shareholders to be liable for assets and liabilities of a company if the company declares bankruptcy. Sometimes past shareholders are also liable. This structure can be preferable in certain circumstances due to the … Read more
Microsoft Corp. had a choppy extended session Thursday after the company posted better-than-expected earnings. Microsoft stock MSFT, +2.11% traded up about half a percent in the extended session after closing up 2.1% to $94.26 during regular trading. The stock began after-hours trading down 2% but has since recovered some of those losses. The Redmond, Wash.,-based … Read more
The parents of Otto Warmbier are accusing North Korea of murdering their son and torturing him during his 18 months in captivity in the reclusive regime in a federal lawsuit filed Thursday, according to a report. The 22-year-old University of Virginia undergrad returned from the hermit kingdom in a coma in June 2017 and died … Read more
NORRISTOWN, Pa. — Nearly 14 years after Bill Cosby drugged and molested a woman 30 years his junior, a jury found him guilty Thursday of all charges in his sex assault retrial. The disgraced comedian showed no emotion and looked down at the table in front of him as the jury forewoman read aloud “guilty” … Read more
MARKETWATCH FRONT PAGE Amazon.com Inc.’s massive growth just grew even more massive in the first quarter, as the e-commerce giant reported Thursday that profit more than doubled and sales growth continued to accelerate. See full story. This could be the most important chart of the century for investors Ballooning debt, cash vs. stocks and an … Read more
Print Friendly Amazon’s first-quarter profit more than doubled from a year ago, blowing past Wall Street expectations. The online retailer’s shares soared 6 percent in after-hours trading. The company earned $1.63 billion, or $3.27 per share, in the three months ending March 31 — almost triple the $1.24 per share analysts expected, according to FactSet. … Read more
Getty Images Rev. Patrick Conroy, S.J. Speaker Paul Ryan forced out the Jesuit priest who had served as House chaplain since 2011 because he said in a prayer during deliberations on tax cuts that lawmakers should be “fair to all Americans,” a new report said Thursday. The Rev. Patrick Conroy’s letter of resignation, a copy … Read more
Intel Corp. shares rallied in the extended session Thursday after the chipmaker’s quarterly results and outlook topped Wall Street estimates and sales to data centers came in stronger than expected. Intel INTC, +3.25% shares rallied 8% after hours, following a 3.3% gain to close at $53.05 in the regular session. The strong results follow similarly … Read more