Amazon reports after the closing bell. Amazon (AMZN) is expected to post earnings of 5-cents a share, up from a penny a year ago. As for revenue, consensus is that it will rise 23% to roughly $15.57 billion. Analysts say Amazon has been improving its margins. However the company has been shelling out stacks of cash particularly as it builds a library for its streaming video service. Amazon hit an all-time high just last week, topping $309 a share. It's currently up 16% year-to-date.
Also reporting after the bell is Starbucks (SBUX). The coffee giant is expected to show significant growth over the past year with profits soaring almost 25% to 53-cents a share on revenue of $3.72 billion. Analysts credit Starbucks with maintaining a strong pipeline of products that helps to drive same-store sales. Part of this strategy includes the announcement this week that Starbucks is teaming with Danone to sell Greek yogurt at its coffeehouses. Starbucks stock is up 32% over the past year and set a multi-year high last week, just pennies below $70. By the way, regional competitor Dunkin Donuts (DNKN) is out with its quarterly results this morning. The chain beat on earnings by a penny, but missed slightly on revenue which was $182.5 million, a 6% rise form last year.
Chinese internet company Baidu (BIDU) has been up as much as 17% since yesterday's close. Baidu reported earnings after the closing bell, posting profits of $1.26 a share, a nickel better than expectations. Revenue was also above consensus at $1.23 billion. The company says it added a record number of online customers for the quarter. It's also reporting success pushing into mobile, so it has upped the outlook for the current quarter. Shares of Baidu have recently been on a tear up 24% this month, even before this morning's gains.
Crocs (CROX) has lost its footing, down 23% in the premarket. The company says it got tripped up in the past quarter reporting earnings of 48-cents a share excluding items when expectations were for 64-cents. Revenue was almost in line with the forecast at $364-million. Crocs is blaming cold weather for the quarter saying it was forced to offer many unplanned discounts. Moving forward, the company is also lowering its outlook. Crocs has been trying to expand beyond its plastic footwear into wedges, sandals and golf shoes. Shares were up about 22% over the past year, but the plunge we're seeing this morning would all but erase those gains.