Amazon.com, Inc. (AMZN) shares are up more than 70 points, or over 11%, to $672 and change in after-hours trading Thursday after the company this afternoon reported Q1 2016 revenue and profit that easily topped the Street’s expectations.
The e-commerce giant posted earnings of $1.07 per share on revenues of $29.13 billion, up 28.2% from a year ago. Analysts were expecting EPS of $0.58 on revenues of $27.97 billion.
For the current quarter ending in July, Amazon said it expects revenue in the range of $28 – $30.5 billion, as compared to analysts’ expectations of $28.34 billion.
Expedia Inc. (EXPE) reported first quarter EPS of $0.09 after the closing bell Thursday, compared to the consensus estimate of ($0.05). Revenues increased 38.6% from last year to $1.90 billion. Analysts expected revenues of $1.84 billion. Net loss attributable to the company came in at $121.9 million, or $0.81 per share, compared with a profit of $44.1 million, or $0.34 per share, a year earlier.
The stock is currently up $11.51 to $118.50 on 5.55 million shares.
Shares of Groupon, Inc. (GRPN) gained 1.58% to $4.43 in extended trading after the company reported first-quarter earnings of $732 million, or ($0.01) per share. Analysts had been modeling $719.26 million and ($0.02) per share. Net loss attributable to common stockholders came in at $49.1 million, or $0.08 per share. Cash and cash equivalents as of March 31, 2016 was $688.5 million.
For full fiscal year 2016 Groupon guided revenues of $2.75-$3.05 billion, as compared to analysts’ expectations of $3.01 billion.
LinkedIn Corporation (LNKD) is advancing $7.21 to $130.22 in after-hours trading Thursday after the company reported Q1 2016 financial results. The social network handed in earnings of $0.74 per share on revenue of $861 million, beating Wall Street estimates of $0.60 per share on revenue of $828.66 million.
For the second quarter, LinkedIn forecast adjusted earnings of $0.74 – $0.77 versus consensus of $0.71 per share. The company also issued revenue projection of $885 – $890 million, compared to the consensus revenue estimate of $887.27 million.
Baidu, Inc. (BIDU) rallied $8.03 to $194.05 in after-hours trading after it reported fiscal results for the first quarter.
In its quarterly report, the provider of Internet search services in China said it earned $1.06 per share, above the $1.03 per share analysts were expecting. Revenue rose 31.2% year-over-year to $2.45 billion, above views for $2.43 billion.
Looking ahead, Baidu guided Q2 revenues of $3.12 – $3.19 billion, as compared to analysts’ expectations of $3.08 billion.