Ford Misses on Earnings but Beats on Revenue Estimates and Amazon's Spending Affects Quarterly Profits
Ford Motor Co. (NYSE: F) reported first quarter earnings revealing a first-quarter profit of $989 million. This figure came in significant down compared to the $1.6 billion it made a year ago. It also came in well short of estimates from Wall Street analysts. Earnings per share came in at 25 cents in the first quarter of 2014, down from 41 cents in the first quarter of 2013, and missing the Zacks Consensus Estimate of 32 cents. Revenues however in the quarter grew 0.8% to $35.9 billion, which exceeded the Zacks Consensus Estimate of $34.49 billion.
Ford Motor Company develops, manufactures, distributes, and services vehicles, parts, and accessories worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. It markets cars, utilities, trucks, service parts, and accessories through distributors and dealers in North America, South America, Europe, Turkey, Russia, and the Asia Pacific region. This sector also sells vehicles to dealers for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments, as well as provides maintenance and repair services.
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Amazon.com Inc. (NASDAQ: AMZN) Chief Executive Officer Jeff Bezos told investors that he isn't slowing down on spending money. The company's CEO is pouring cash into warehouses for faster shipments, a grocery delivery service and a TV set-top box to compete with Netflix Inc. and Apple Inc. in video streaming. Amazon's expenses rose 23 percent during the quarter, which limited profit to $108 million. With more investments to come, Amazon has forecast an operating loss for the current quarter of $55 million to $455 million.
Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers. It also offers programs that enable sellers to sell their products on companys Websites, and their own branded Websites; and programs, which allow authors, musicians, filmmakers, app developers, and others to publish and sell content. In addition, the company serves developers and enterprises through Amazon Web Services, which provides access to technology infrastructure that enables virtually various businesses.
Get more information on Amazon.com Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/AMZN
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