More tech titans reporting earnings and Shake Shack on the menu on Wall Street.
Google (GOOGL) shares gained ground in early trading. The world's biggest internet search engine company is the latest big firm to feel the pinch of the strong dollar. Google blaming what it calls "strong currency headwinds" as fourth quarter revenue and earnings missed analysts' forecasts. The company also says it had some unusual charges in the period.
Amazon (AMZN) shares soared ahead of the open. The e-commerce giant returning to profitability in the holiday quarter with earning per share topping forecasts thanks to growth in prime memberships. But even though revenue rose 15% from a year earlier, it still missed estimates as the company continues to spend heavily on new ventures.
Mattel (MAT) shares fell before the bell. The toy maker posting big earnings per share miss and revenue also fell short of forecasts as sales of Barbie continued to decline during the holiday period. The company vowing to act with urgency to improve results after its CEO quit abruptly earlier this week.
MasterCard (MA) shares rose in early trading. The credit card company beat on both its top and bottom lines. Revenue rose more than 13% from a year earlier as more customers swiped their cards to shop during the holiday quarter.
Shake Shack (SHAK) is getting ready shake things up on Wall Street this morning as it gets set to make it public debut. The company priced its initial public offering late Thursday above its expected range at $21 a pop, raising $105 million. The stock is set to start trading on the New York Stock Exchange under the ticker "SHAK.”
