Stocks to Watch: Amazon, Facebook, RIM, Boeing
NEW YORK -- Amazon.com(AMZN) said fourth-quarter revenue rose 22% but the online retailer missed Wall Street's bottom-line estimate.
Amazon posted earnings Tuesday of 21 cents a share on revenue of $21.27 billion in the period.
Analysts were looking for earnings of 28 cents a share on fourth-quarter revenue of $22.26 billion. In the year-earlier quarter, Amazon earned 38 cents a share on $17.43 billion in sales.
First-quarter guidance from Amazon was weaker than anticipated, with the company forecasting revenue between $15 billion and $16.6 billion. Analysts were expecting $16.85 billion in sales. Amazon expects first-quarter operating income between a loss of $285 million and a gain of $65 million.
Facebook(FB) is expected to issue its fourth-quarter earnings after the stock market closes on Wednesday and analysts expect the world's biggest social networking company to post profit of 15 cents a share on revenue of $1.51 billion.
Bank of America Merrill Lynch reiterated its "buy" rating on Facebook on Monday, citing expected revenue acceleration and upside from mobile.
TheStreet will be live-blogging Facebook's results beginning at 3:45 p.m. EST.
Research In Motion(RIMM) unveils its eagerly anticipated BlackBerry 10 technology on Wednesday.
TheStreet will be live-blogging the announcement beginning at 9:30 a.m.
Boeing(BA) is expected by Wall Street Wednesday to report fourth-quarter earnings of $1.19 a share on revenue of $22.36 billion.