Top Midday Stories: Amazon Q4 EPS Misses Consensus, Forecasts $200 Billion CapEx; Stellantis to Take $26.5 Billion Charge

MT Newswires Live
02/07

All three major US stock indexes were up in late-morning trading Friday, as Wall Street looks to close out a rough week on a strong note.

In company news, Amazon.com (AMZN) reported Q4 earnings late Thursday of $1.95 per diluted share, up from $1.86 a year earlier but below the FactSet consensus analyst estimate of $1.97. Q4 revenue was $213.39 billion, up from $187.79 billion a year ago and above the FactSet consensus of $211.44 billion. For Q1, the company said it expects revenue of $173.50 billion to $178.50 billion. Analysts polled by FactSet expect $175.62 billion. The tech giant also said it expects to invest about $200 billion in capital expenditure across the company but predominantly in its Amazon Web Services cloud computing unit. Amazon shares were down 7.8%.

Stellantis (STLA) said Friday it will take a charge of 22.2 billion euros ($26.5 billion) as it realigns product plans with customer demand and new US emissions regulations. The automaker also said it will sell its 49% equity stake in the NextStar Energy joint venture to its partner, LG Energy Solution. Financial details were not disclosed.

Separately, Stellantis will move forward as one company instead of selling off brands or splitting up, CNBC reported Friday, citing comments by Chief Executive Antonio Filosa. Lastly, the automaker reported Q4 shipments of 1.5 million units, up from 1.4 million units a year earlier. North America shipments grew 43%, while Europe shipments fell by 4%, the company said. Stellantis shares were down 24%.

Molina Healthcare (MOH) reported a Q4 adjusted loss late Thursday of $2.75 per diluted share, swinging from earnings of $5.05 a year earlier and below the FactSet consensus of earnings of $0.34 per share. Q4 revenue was $11.38 billion, up from $10.50 billion a year ago and above the FactSet consensus of $10.88 billion. For full-year 2026, the company said it expects adjusted EPS of at least $5 on revenue of $44.5 billion. Analysts expect EPS of $13.66 on revenue of $46.63 billion. Molina shares were down 28%.

Compass' (COMP) motion for a preliminary injunction against the implementation of Zillow's (Z) Listing Access Standards was denied Friday by a federal judge in New York. Compass shares were up 0.7%, while Zillow shares were up 1.9%.

Price: 205.79, Change: -16.90, Percent Change: -7.59

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