Strong sales growth sends Amazon shares higher

April 30, 2016 at 4:11PM
FILE - In this Thursday March 20, 2014, file photo, Jeffrey Katzenberg, CEO of DreamWorks Animation, speaks at the kickoff ceremony of Shanghai DreamCenter in Shanghai. Comcast is buying DreamWorks Animation, the film company behind the Shrek, Madagascar and Kung Fu Panda franchises, for approximately $3.55 billion, the companies announced Thursday, April 28, 2016. DreamWorks will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures. Once the deal closes, Ka
DreamWorks Animation, headed by Jeffrey Katzenberg above, saw its shares jump last week.. (The Minnesota Star Tribune)

Sales bump: Amazon soared 10 percent Friday to $659.69 after reporting late Thursday a big jump in revenue that blew past analysts' expectations, demonstrating the growing market power of its core retail business and new cloud services division.

Med deal: Cancer drugmaker Medivation's shares rose 9 percent to $56.51 Thursday after French drugmaker Sanofi went public with an offer to buy the company for $9.3 billion. Medivation shares closed the week at $57.82. U.S.-traded Sanofi stock slipped 2 percent to $43.03 Thursday, and closed the week at $41.10.

Expanding waistline: Hanesbrands shares rose 8 percent to $30.14 Thursday after the maker of underwear, T-shirts and socks said it will buy the biggest maker of underwear in Australia, Pacific Brands Ltd. Hanesbrands stock closed the week at $29.03.

#Yikes: Twitter dropped 16 percent, to $14.94 Wednesday after the company's first-quarter revenue fell short of expectations and its guidance disappointed investors. Shares closed the week at $14.62.

Dream deal: DreamWorks Animation rocketed 18 percent, to $32 Wednesday on reports the company behind the "Shrek" and "Kung Fu Panda" franchises might be acquired by Comcast. DreamWorks closed the week at $39.92.

Copy that: Xerox shares dropped 12 percent to $9.78 Monday as the company cut its profit outlook after its first-quarter profit dropped 85 percent. The company's costs went up as it gets ready to split into two businesses, and its revenue fell. Shares closed the week at $9.60.

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