While a huge chunk of technology companies reported last week, Amazon (AMZN - Analyst Report), Facebook (FB), LinkedIn (LNKD - Analyst Report) and Expedia (EXPE - Analyst Report) were the star performers. Apple (AAPL - Analyst Report) disappointed, confirming negative sentiments. Last week also saw some developments on the Yahoo (YHOO - Analyst Report) sale front and Alphabet's decision to launch its own startup incubator. Amazon: The leading online retailer beat the Zacks Consensus Estimate on both the top and bottom lines. The high-margin AWS business was the only one that grew in the seasonally softer selling period, which was positive for margins. The FX impact on revenue came down significantly in the last quarter.
May-2-2016, 19:50:20 GMT