by Mish
Google Beats
Both companies reported tonight.
CNBC reports Google parent Alphabet sees earnings, revenue beat and announces $7 billion buyback.
Amazon Missed
Amazon is down 5% (down $42 from $818 to $775) in after hours trading on a substantial earnings miss: Amazon Reports 52 Cents per Share, vs. Expected EPS of 78 Cents.
Yahoo Finance reported trailing 12-months Amazon’s P/E at 654. That is before today’s report. Lovely.
Mike “Mish” Shedlock
