Amazon.com Inc., the world’s largest online retailer, decreased the most in more than a year after forecasting operating profit that missed estimates as the company invests in warehouses and digital content.
Amazon.com Inc. rose the most in 18 months on the Nasdaq after reporting sales that topped analysts’ predictions, fueling optimism that a surge in spending on warehouses and data centers will result in faster growth.
Yelp Inc., a website that lets users review businesses ranging from lounges to locksmiths, posted a record plunge after the company forecast revenue that missed estimates amid slumping ad sales to national retailers.
Yahoo! Inc. , owner of the second- most popular U.S. Internet search engine, reported sales that missed analysts’ estimates as marketers devoted online search-ad spending to rival sites. The shares fell in late trading.