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Earnings After the Bell: Amazon, Broadcom, DreamWorks
Wednesday, April 27, 11:08 AM ET

A slew of companies reported earnings results after the bell yesterday. Here’s a sampling:

Amazon.com (NASDAQ:AMZN) posted a decline in first quarter earnings, to $201 million, or $0.44 per share, from $299 million, or $0.66 per share, in the same quarter last year. Revenue grew 38%, to $9.86 billion. Earnings per share were well below Wall Street forecasts, although revenue exceeded analyst expectations. Amazon’s revenue forecast for the second quarter, of $8.85 billion to $9.65 billion, is ahead of analyst estimates as well.

Also late yesterday, Broadcom (BRCM) posted first quarter earnings of $228 million, or $0.40 per share, up from $210 million, or $0.40 per share, in the same quarter last year. Revenue rose to $1.82 billion from $1.46 billion in last year’s first quarter. Results beat analyst estimates. Broadcom’s revenue forecast of $1.75 billion to $1.85 billion in the second quarter is below Wall Street forecasts.

And, DreamWorks Animation SKG (DWA) reported a big drop first quarter profit, to $8.8 million, or $0.10 per share, compared to $21.7 million, or $0.24 per share, in the same quarter last year. This first quarter did not include a theatrical movie release, and compares to last year’s first quarter, which included the release of “How to Train Your Dragon.” Revenue fell to $108 million from $162 million last year. Earnings per share met analyst forecasts, and revenue was slightly above. DreamWorks said it is looking forward to the May release of Kung Fu Panda 2 to drive second quarter earnings.

For MarketNewsVideo.com, I’m Sayoko Murase.

Earnings After the Bell: Amazon, Broadcom, DreamWorks picture
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