Amazon Falls, Apple Rises, Kimberly Clark Jumps on Strong Volume Growth
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Show Notes
On this episode of Stock Movers:
- Amazon (AMZN) shares fall after the company reported weaker-than-expected operating income. Amazon spent a record $31.4 billion on capital expenditures in the quarter, up about 90% from the same period a year earlier
- Apple (AAPL) shares rise. CEO Tim Cook said the company saw an acceleration of growth around the world, including in Greater China and EM. 4Q revenue growth was seen in the mid to high single digits. That's better than the 3% that analysts had forecasted.
- Kimberly Clark (KMB) shares jump after reporting the strongest volume growth in five years. Organic sales jumped 3.9% in the second quarter after consumers cut back in the first quarter amid tariff concerns.
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