Earnings: Alphabet, Amazon Breeze By Expectations

This transcript has been automatically generated and may not be 100% accurate.

two more tech companies beat analyst expectations good news for alphabet and Amazon coming up the ... blue screen ... the Wall Street Journal ... hello and welcome this is the law Street Journal's tech news briefing from the newsroom in New York I'm tiny presents an earnings season a rainy Sunday leading the pack of course was Facebook to crush did on Wednesday in the straight past analyst expectations and the market reflected as such Thursday The Wall Street Journal Steber slow low has more on is already up ... it was at record highs before this report ... up a little but again ... if there's that new here and so ... on it's a staggering because the stock is just Donbass the isn't a one-way ticket hire a lot of people are saying well how high can ago they said was what we are growing so fast ... but there's the limits of their time to set expectations accordingly saying ... within there's only so many people that we can actually sign up for this but that's why ... they're all these new initiatives that they're looking at whether the messenger or WhatsApp ... or even just the live video this is the cheeky huge ... push for that also beating analysts' expectations was alphabetical reported quarterly earnings on Thursday Google's parent company posted earnings at eight dollars and forty two cents a share on twenty one point five billion in revenue that's up from an expected eight dollars and four cents a share on twenty point seven six billion above expectations but not a complete surprise so Google again another big tech giant that's reporting ... they've been on an incredible streak is well ... on their also just like Facebook's sipping from the ... desktop to mobile ... but the ... thing about I'll bet is that its stock is actually not done much this year is after a huge run-up blaster and the fifteen so ... its Underperform to all the big tech giants that you think of Facebook and Amazon so the stock is actually struggled a little bit and a lot of people think that that isn't that there's a mismatch there and true to form alphabet remains strong shaking off worries about a slowing in its advertising business this was actually the fastest growth rate in two years and again revenues and earnings way ahead of analysts' expectations also on the upswing is Amazon decreasing by the expected forecasting revenues expected the online giant reported earnings per share of one dollars and seventy cents the county's revenue came in at thirty point four billion at the from expectations of twenty nine point five billion ... Amazon's stock is up more than forty percent over the past year ... also not unexpected so the story with Amazon is always they make a lot of money that they don't really turn out of the top that were the ... very rarely profitable so this quarter surprising based on Amazon's history ... but the thing is it's not the official retail business in the cloud computing business services that they sell other companies ... that has been hugely profitable and that's the big group ... also helping Amazon eighteen best and to lower Gillette three times an on line media offerings and while we can all expect base but the key midsize numbers the tech world sees another decent day of earnings that'll do for the tech news briefing for the last return on tiny priestess in New York thanks for listening I love the show check out others by visiting WSJ dot com slashed podcast see our full collection under programs ...