Amazon has done it again. Moments ago Jeff Bezos' company reported Q1 earnings that blew away expectations, when it printed revenues of $29.13 billion, well above the expected $28 billion, generating EPS of $1.07 almost double the expected $0.57.
There is only one clip for this...
It started in Japan...when Kuroda let the world down... 1500 NKY points down!!
And then China stomped on its latest bubble...
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Earnings Are Beating Estimates Like Crazy
In a not so surprising outcome, the number of companies beating earnings estimates currently is above the 12-quarter average. Via Zacks Research:
“While growth remains problematic, actual results are turning out to be less bad relative to the low levels to which estimates had fallen ahead of this reporting cycle. More companies are coming out with positive surprises for both earnings as well as revenues.”
Submitted by Jeffrey Snider via Alhambra Investment Partners,
When JPM quant Marko Kolanovic released his latest report today, we were expecting him to read his latest insight on the positioning of quant funds, on the relative imbalance of risk parity, or perhaps whether market gamma was suggesting that the market is poised for an inflection point, either lower or higher.