Amazon.com Plunges, Broadcom Soars

Tamara Rutter, The Motley Fool
Updated

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • After reporting fourth-quarter earnings, Amazon.com (NAS: AMZN) leaves shareholders wanting more. The e-retailer's profit fell 57% on high operating costs.

  • Chip maker Broadcom (NAS: BRCM) had better-than-expected earnings and increased its dividend, despite drops in net income and revenue. A bright spot was its new deal with Nokia (NYS: NOK) , which will include Broadcom chips in its new 3G phones.

  • Revenue from AOL's (NYS: AOL) dial-up services continued to fall. However, sales from display ads increased by 10% during the period.

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Disclosure: DailyFinance is published by AOL.

At the time this article was published Fool contributor Tamara Rutter does not own shares of any companies mentioned in this video series. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services have recommended buying shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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