Earn­ings

The Washington Post Sunday - - TAKING STOCK -

Ap­ple re­ported $10.7 bil­lion in profit, de­spite lower-than-ex­pected num­bers for its rev­enue and iPhone ship­ments.

Gen­eral Mo­tors profit rose to $1.1 bil­lion from $200 mil­lion a year ago, driven by North Amer­i­can truck sales and con­tin­ued strength in China.

Star­bucks profit jumped 22 per­cent, to $626.7 mil­lion, as new drinks like the Flat White and food such as break­fast sand­wiches and bistro boxes helped heat up sales in its dom­i­nant Amer­i­cas re­gion.

Ama­zon re­ported profit of $92 mil­lion that took Wall Street by sur­prise and sent its stock soar­ing. Helped by its cloud com­put­ing busi­ness, the e-com­merce gi­ant also saw rev­enue grow 20 per­cent to $23.2 bil­lion.

Ya­hoo re­ported a loss of $21.6 mil­lion in profit, beat­ing Wall Street’s low ex­pec­ta­tions, in part be­cause it spent more than $200 mil­lion to drive traf­fic to its Web sites in the quar­ter ended June 30.

Mi­crosoft booked an $8.4 bil­lion charge in the fourth quar­ter, writ­ing off the Nokia phone busi­ness it bought just over a year ago. The Red­mond, Wash.-based soft­ware gi­ant posted a net loss of $3.20 bil­lion, re­vers­ing a profit of $4.61 bil­lion a year ago.

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