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Amazon and Microsoft to Report; Symantec, Angie’s List and Akamie Plunge on Outlooks

Dan Berman
Hot Stock Minute
Amazon and Microsoft to Report; Symantec, Angie’s List and Akamie Plunge on Outlooks

Amazon (AMZN) reports earnings after the closing bell. Analysts are looking for losses of 9-cents a share. which would be a marked improvement from a year ago when losses where 60-cents. Sales likely climbed almost $3-billion to $16.76-billion. Earnings for the period in review may be less important than the outlook for the holiday shopping season. Amazon has just revised its pricing policy for shipping. Despite Amazon's ongoing losses, shares are up 27% so far this year.

Microsoft (MSFT) also reports after today's close. Microsoft is expected to post earnings of 54-cents a share, a penny better than last year on sales that have risen almost $2-billion. Microsoft's future remains a bit uncertain. We know CEO Steve Ballmer will be departing soon, but a replacement has yet to be named. Also key are sales of the company's Surface tablet. Shares of Microsoft are up 22% year-to-date.

Several NASDAQ-listed companies have been dropping on lowered outlooks which were issued along with earnings. Up top, Symantec (SYMC) which has been down double-digits. We've also got Angie's List (ANGI) which has been down more than 7% and Akamai Technologies (AKAM) is also down about 7%. Looking at the reports: Symantec beat on earnings with 50-cents a share, but it fell short on revenues. As for Angie's List, sales were in line with estimates at $66-million, but losses were wider than expected. Of note, Angie's List recently lowered its membership fees in several key cities. The move is said to be part of a test program. Moving on to Akamai, it had a solid beat with earnings of 50-cents a share excluding items when forecasts were for 46-cents.

Finally, we want to end on some stocks surging on their reports: Citrix (CTXS) has been up more than 5%. As of yesterday's close the stock had been down 17% this year. But the company nudged past estimates for the quarter making 70-cents a share on $713-milion. We've also got the Cheesecake Factory (CAKE) which has been up 5%. This adds to prior gains of 30% so far in 2013. The restaurant chain matched on earnings of 52-cents a share with a slight beat on revenues.