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Q1 Afternoon Smorgasbord: AMZN, INTC, SBUX & More

Mark Vickery
Sales-driving efforts boost BJ's Restaurants' (BJRI) revenues in the first quarter of 2019 while lower restaurant operating margins hurt earnings.

Amazon (AMZN) blew away bottom-line estimates in its Q1 earnings report after the closing bell on Thursday: $7.09 per share obliterated the $4.61 expected, which itself marked 41% growth from the year-ago quarter. Revenues of $59.7 billion was a smidge ahead of expectations in the quarter, although this represents the slowest growth for the eCommerce giant in four years.

AWS revenues grew $7.69 billion, which was in-line with estimates. The company also saw strength in its Advertising business, although its paid units growth slowed. So while sales remained somewhat stagnant in the quarter, profitability looks to have stepped up to another level. Shares are up just under 1% in after-market trading.

Intel INTC) also topped earnings and sales estimates for its Q1, with 89 cents per share on $16.1 billion in revenues comparing with 87 cents (both expected and the year-ago number) on $16.1 billion, respectively. Yet shares fell 7% on the news, as full-year guidance fell from $4.51 per share expected to $4.35 currently, on $69 billion in sales which would come up short of the $70.77 billion in the Zacks consensus.

An impressive beat on the bottom line came in from
Starbucks (SBUX) Thursday afternoon, sending stocks to a new 52-week high in late trading. The Zacks Rank #2 (Buy)-rated coffee giant posted 60 cents per share from the 56 cents expected; revenues came in-line with the estimate of $6.31 billion. Overall comps were at 3%, including the third-straight quarter the Americas came in with 4% growth. China/Asia/Pacific grew by 2%.

T-Mobile (TMUS) is celebrating its Q1 earnings report with a big beat on the bottom line: $1.06 per share versus expectations of 95 cents, already well beyond the 78 cents reported in the year-ago quarter. Sales of $11.08 billion outpaced the $10.98 billion expected. Net adds in the quarter grew 1.7 million, much hotter than the 1.2 million estimated. The company also boasted all-time record low churn in the quarter.

Ford (F) also zoomed past estimates on the bottom line: 44 cents per share crushed the 26 cents in the Zacks consensus. Revenues of $37.24 billion surpassed the $36.41 billion in the automaker's Q1. Key gains in North America and Europe joined an impressive take of $801 million earned from the Ford credit business. Shares jumped 3% on the earnings release.

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