Earnings-Palooza - AMZN & GOOGL Beat, MSFT & SBUX Miss

Amazon and Alphabet are surging after hours after big beats but Microsoft is fading (missed on revenues and capex) and Starbucks is sliding on a disappointing same store sales comp.

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Alphabet Big Beat

• *ALPHABET 1Q EPS $7.73, GAAP EST. $7.42
• *ALPHABET 1Q PAID CLICKS +44%
• Q1 Revs. $24.75B vs. $24.22B Est.

Major decoupling from 2017 expectation still

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Amazon Big Beat:

• *AMAZON 1Q NET SALES $35.7B, EST. $35.3B
• *AMAZON 1Q AWS NET SALES $3.66B, EST. $3.63B
• *AMAZON 1Q EPS $1.48, GAAP EST. $1.08

But the decoupling remains...

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Microsoft Beat on Earnings BUT miss on Revenues and big miss on Capex

• *MICROSOFT 3Q ADJ EPS 73C, EST. 70C
• *MICROSOFT 3Q ADJ REV $23.56B, EST. $23.6sB
• *MICROSOFT 3Q INTELLIGENT CLOUD REV. $6.76B, EST. $6.61B
• Microsoft 3Q capital expenditures $1.70b, est. $2.27b (range $1.88b-$2.84b)

Probably Nothing...

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Starbucks Meet/Miss

• *STARBUCKS 2Q ADJ EPS 45C, EST. 45C
• *STARBUCKS 2Q COMP SALES +3%, EST. +3.6%

Still we are sure it will catch up...

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