Amazon Delivers Softer-Than-Expected Earnings; Stock Falls After Hours

Amazon reported second-quarter results that were a bit softer than Wall Street had expected, sending shares down more than 2% in after-hours trading.
The stock closed Thursday trading at $1,973.82, down 1%, before falling further after hours. It has advanced 28% in 2019 thus far, outpacing the 7% year-to-date gain in the S&P 500.
Amazon welcomed more new Prime members on July 15 than any previous day, and almost as many on July 16, making these the two biggest days ever for member signups. Prime Day — actually a two-day happening on July 15 and 16, was again the largest shopping event in company history, Amazon said. It was also the biggest event ever for Amazon devices, when comparing two-day periods.
The Department of Justice said this week it has launched an investigation into the business practices of tech companies to determine if they are anti-competitive. Facebook paid $5 billion and agreed to stricter controls in a settlement with the Federal Trade Commission. Regulatory scrutiny has kicked in for Amazon and other large tech firms in a serious way, after a decade or two of relative laissez-faire existence.
Revenue increased 20% to $63.4 billion in the second quarter, slightly ahead of estimates and up from $52.9 billion in second quarter 2018. The company said earnings came to $5.22 a share, well below the consensus forecast of Wall Street analysts of $5.57, according to Refinitiv.
Aside from restating recent programming announcement, the earnings release included no additional insights into Prime Video.” />
"We’ve received a lot of positive feedback and seen accelerating sales growth,” he said. “Free one-day delivery is now available to Prime members on more than ten million items, and we’re just getting started." Nevertheless, in the company's earnings release, founder and CEO Jeff Bezos pointed to one-day delivery as a quarterly highlight.
A 21% rise in expenses in the quarter, in part due to the push to roll out one-day delivery, dented profits.

Agatha Christie’s ‘The ABC Murders’ Gets Premiere Date & First-Look Trailer

Check out the trailer above.” />
"Are we going to have a murder?" (Chances are really good, that's a yes.) So begins the trailer for Agatha Christie's The ABC Murders, which Amazon has slotted to premiere February 1 on Prime Video.
Damien Timmer and Helen Ziegler executive produce for Mammoth Screen, James Prichard (Murder on the Orient Express, Ordeal By Innocence) and Basi Akpabio (Ordeal By Innocence) for Agatha Christie Limited and Elizabeth Kilgarriff (Luther), for BBC. The series is directed by Alex Gabassi and produced by Farah Abushwesha.
Written and executive produced by Sarah Phelps (The Casual Vacancy, The Crimson Field), the three-part limited series starring John Malkovich as Hercule Poirot is the second of three dramatic series adaptations from Agatha Christie Limited for Prime Video in the US.
Rupert Grint (Harry Potter and the Deathly Hallows), Andrew Buchan (All the Money in the World), Anya Chalotra (Wanderlust), Eamon Farren (Twin Peaks), Jack Farthing (Poldark), Tara Fitzgerald (Game of Thrones), Shirley Henderson (Bridget Jones’s Baby), Bronwyn James (Harlots), Freya Mavor (The White Queen), and Michael Shaeffer (Rogue One: A Star Wars Story) also star.
The killer uses the alias ABC, and strikes in a methodical pattern, leaving a copy of the ABC railway guide at the scene of each of murder. As Poirot (Malkovich) attempts to investigate he is thwarted on every front. In The ABC Murders, it’s 1933 and a killer travels the length and breadth of Britain via the railway network. If he is to match his most cunning nemesis, everything about him will be called into question: his authority, his integrity, his identity.

‘The Big Bang Theory’: Chuck Lorre Talks Finale Plans & Emotional Last Season

In the months since that announcement, Lorre said he's been in reflective mood. That has led to a lot of tearful moments on a set that is accustomed to life with a laugh track. The call to end the multi-camera series series was made in August after one of the stars, Jim Parsons, reportedly had decided not to continue beyond Season 12. It's hard to say goodbye to a close-knit crew and cast, he said.
The Big Bang Theory remains one of the most popular on television — Season 11 averaged 18.9 million viewers and was the second most watched series of last season (behind Roseanne) and among adults 18-49, Big Bang was the second highest-rated entertainment program (behind NBC’s This Is Us).
Lorre has been political in the vanity cards he runs after each episode of his CBS sitcoms, often criticizing President Donald Trump whom recently he called "fascist" in the pre-midterm elections "My Prayer" card. Lorre said he has found it challenging to work in the comedy business when the world outside can be seriously unfunny in its inequities and painfully absurd in its politics. The world has changed a lot since Big Bang premiered in 2007.
Maisel and HBO's Barry). The Big Bang Theory has received seven Golden Globe nominations so far, most recently in 2014, winning for lead comedy actor, Parsons, in 2011. That included a best comedy series nom and mentions for its stars, Michael Douglas and Alan Arkin.” /> Lorre's new single-camera comedy, The Kominsky Method, this morning was nominated for three Globes, the most for a comedy series (tied with Prime Video's The Marvelous Mrs.
"We're coming up on Christmas break, we have one more episode to shoot before we break," Lorre said. It's going to be very, very sad to let it go." And we have a general idea of what we are aiming for with May and the finale. It's been a 12-year project that has been really just a joy. These days there's a lot of melancholy in the background at all times. "We definitely have discussed the finale.
The Big Bang Theory is in the midst of its final season as CBS' signature sitcom is preparing to sign off in May 2019 after a 12-year run that began in September 2007. With the end in sight, the idea for the series finale is starting to shape up, co-creator/executive producer Chuck Lorre told Deadline on Thursday in a phone interview tied to the three Emmy nominations for his newest comedy series, Netflix's The Kominsky Method.
You start to eat cake but then you're thinking of everything you'll miss." "The years pass and you celebrate birthdays and you know the other day we had a little birthday celebration for [co-stars] Kelly Cuoco and for Kevin Susman and both times each of them said, 'You know this will be the last birthday I celebrate on The Big Bang Theory set. And you hear that and you go from singing songs and blowing out candles to getting all choked up.
"There are moments that it feels like a meaningless effort," Lorre said. But I have to believe that it is still one of the great things in life to laugh. "You know, like whistling in a hurricane. I have always believed that and I will continue to believe it…this is what humanity is supposed to do."

Amazon Set To Join Apple In $1 Trillion Club After Love From Analyst – Update

The stock price began today's session at $1,932.82. Morgan Stanley analyst Brian Nowak boosted his price target to $2,500 a share, up from his previous target of $1,800.
The company has recently focused more of its energy on disrupting the grocery and prescription drug sectors. While everyone in Hollywood has its eye on Amazon's Prime Video platform, that business unit is a flyspeck in the larger scheme of the company's revenue.
Amazon's earnings in recent quarters have been stellar, exceeding analysts' estimates.
company to reach the $1 trillion level after a strong June quarter fueled by strong iPhone sales and other positive indicator. Earlier this month, Apple became the first U.S.
Large-cap tech stocks have propelled stock markets to record highs in 2018, with the Nasdaq reaching the 8,000-point milestone and the Dow up more than 40%.
UPDATED with closing stock price. Amazon is on the verge of joining Apple as the only U.S. companies with a market capitalization of $1 trillion after an analyst boosted his price target for the Seattle tech giant.
Google parent company Alphabet and Microsoft are also in the $1 trillion conversation, with market caps in the range of $850 billion.” />
The "other" category is making many traditional media rivals nervous, as it includes advertising. In Nowak's "bull case" projections through 2022, the company will generate a 25% compound annual growth rate for subscription revenue, 33% for the Amazon Web Services cloud business, and 37% for "other" revenue.
Already in record territory, they gained another 3% today to close at $1,998.10, putting the company's market capitalization just shy of $975 billion. In 2018 to date, shares in Amazon have gained 67% — for the past 12 months, they have risen 103%.