Nobody likes to be sold short, and the same is true for major corporations. Thanks to a successful fourth quarter, many companies across the world got the chance to say “I told you so” to the analysts that underestimated them. Keep reading to learn about these five companies that made more money than people expected.
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1. Amazon (AMZN)
Amazon’s shares are a “prime” example why people shouldn’t underestimate the online shopping behemoth. Revenue for the company was only expected to clock in around $59.83 billion — but it decided to go above and beyond, jumping another 6 percent which meant revenue of $60.5 billion for the fourth quarter.
2. Disney (DIS)
The “Happiest Place on Earth” definitely shared some happiness with their investors after they went above and beyond their earnings estimates in the most recent quarter. Thanks to an abundance of good news from CEO Bob Iger — including streaming options for ESPN and an upcoming film schedule — Disney saw a 0.8 percent after-hours rise as well as a 1.25 percent gain during market hours.
3. Adobe Systems (ADBE)
By moving operations to the cloud, software giant Adobe Systems took their revenue to the moon. Known for its dual-headed operations in both digital media and digital experience, Adobe’s new subscription-based model helped catapult the company to a 29.7 percent revenue growth on a year-over-year basis.
4. JCPenney (JCP)
JCPenney used to tout that “it’s all inside” — but even when there’s good news, it’s hard to escape a retail downslide. Even though JCPenney exceeded their revenue estimates — grabbing earnings of 57 cents in the fourth-quarter, which is 10 cents higher than expected — stocks still decided to plummet. At one time JCPenney stocks commanded $87.18 per share, but these days the stock closes at $2.91.
5. Snap (SNAP)
Despite some pretty underwhelming performances, Snap Inc. — the parent company of Snapchat — has proved it’s not disappearing anytime soon. The company saw stocks pop at 45 percent after their earnings, subscriber growth and revenue all blew forecasts out of the water. Pretty soon, the social media standby will hit actual profitability — those figures came in the form of a $0.13 per share loss, versus an expected loss of $0.16.
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