Here’s a look at some of the stocks the Yahoo Finance team will be tracking for you today.
Amazon (AMZN) shares are hitting a new high in early trading. The e-commerce giant reporting revenue grew more than expected in the first quarter thanks to its cloud services and rising sales in North America. It was the first time Amazon broke out numbers for it cloud business, which saw a nearly 50% jump in revenue. However, the company's big spending habits did continue to drag down profits.
Google (GOOGL) shares are higher in early trading. Even though the search giant reported weaker-than-expected earnings and revenue in the first quarter, sales were up 12% from a year earlier thanks to a jump in online ad volume which helped offset the impact of the stronger dollar.
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Microsoft (MSFT) shares are soaring after posting a beat on both its top and bottom line in the first quarter. Revenue rose 6.5% from a year earlier as it benefited from the Nokia buyout and growth in its cloud and server businesses.
Starbucks (SBUX) shares are getting a nice jolt this morning. The coffee chain's earnings per share matched views, while revenue beat forecasts. Sales grew almost 18% from a year earlier due to better-than-expected same-store sales growth in the Americas as the company expanded its drinks and food line-up.
Apple (APPL) also in the spotlight. The tech giant delivering the first batch of Apple Watches today to those who pre-ordered earlier this month. While customers can try on the watch in stores, the company confirmed that in-store sales will not be available for the month of May. Apple reports quarterly results after the close of trading on Monday.
