Wall Street positive shine the technological thanks to Microsoft, Amazon and Alphabet – Reuters

Wall Street positive shine the technological thanks to Microsoft, Amazon and Alphabet

          

In New York, the major indices are rising. The Dow Jones gained 0.7%, the S & amp; P 500 0.9% and the Nasdaq Composite 1.9%.
A push purchases, especially on technology, were the brilliant results of the quarterly giants Microsoft, Amazon and Alphabet. Moreover, the market has benefited from the decision of the Chinese central bank to cut interest rates.
Markit reported that in October the PMI Manufacturing and ‘rose to 54 points from 53.1 points the previous month. The October survey indicates a strong expansion of manufacturing production levels its highest level since March.
On the corporate front Alphabet + 8%. Former Google announced results for the third quarter marked by the progress of the net profits from 2.74 billion, or $ 3.98 per share, to 3.98 billion, and $ 5.73. The adjusted EPS came in at $ 7.35 against 7.20 consensus Thomson Reuters. Revenues grew by 13% in the three months to 18.68 billion dollars. Alphabet also announced the surprise launch of a buyback plan by $ 5.1 billion.
Microsoft + 11%. The manufacturer of the Windows operating system announced a quarterly than expected. Profit rose to 4.62 billion dollars from 4.54 billion in the same period a year earlier. On an adjusted basis, EPS amounted to $ 0.67 versus the $ 0.59 indicated by the consensus.
Amazon + 6%. The e-commerce giant announced for the third quarter of 79 million earnings amount to 17 cents per share, against the red of 437 million and 95 cents, in the same period last year. For Amazon not only is the second consecutive quarter with a profit, but also a result that goes beyond all expectations, as the FactSet consensus was for a loss of 13 cents per share. In the three months, the company reported revenues up 23% to $ 25.4 billion, against 24.9 billion expected by analysts, thanks to the push of the Web Services division whose sales rebounded by 79% to 2, 09 billion dollars. Amazon for the current quarter sales estimate of between 33.5 and 36.75 billion dollars (35.16 billion against the consensus).
Royal Caribbean 4%. Earnings per share adjusted group cruises exceeded expectations in the third quarter. the company announced a share buyback program by $ 500 million.
Procter & amp; Gamble + 2%. The consumer goods giant announced a quarterly profit up but revenue down. In first-quarter profits rose to $ 2.6 billion from 1.99 billion in the same period a year earlier. On an adjusted basis, earnings per share stood at $ 0.98, 3 cents more than expected. Revenue is instead dropped more than expected to 16.53 billion (-12%) against 17.28 billion set by consensus.

(RV)