- Yahoo Finance
AMD beats on Q1 revenue and EPS, but light guidance sends stock lower
Chip giant AMD (AMD) reported its first quarter earnings on Tuesday beating analysts' expectations on the top and bottom lines, but lighter-than-anticipated guidance for the next quarter sent the stock lower.
- Barrons.com
Amazon Stock Jumps on Strong Growth for AWS
Amazon com posted better-than-expected first-quarter financial results, driven by strong growth in the company’s AWS cloud computing business and impressive advertising demand. Microsoft and Alphabet last week posted better-than-expected growth in their cloud computing businesses, each beating Wall Street’s estimates by several percentage points. Amazon Web Services revenue was $25 billion, up 17%, above the Street consensus forecast of $24.6 billion, and the best growth in four quarters.
- Reuters
UPDATE 1-Ex-Google workers say firings for protesting Israel contract were illegal
A group of workers at Alphabet Inc's Google have filed a complaint with a U.S. labor board claiming the tech company unlawfully fired about 50 employees for protesting its cloud contract with the Israeli government. The single-page complaint filed late Monday with the U.S. National Labor Relations Board (NLRB) alleges that by firing the workers, Google interfered with their rights under U.S. labor law to advocate for better working conditions. Google did not immediately respond to a request for comment.
