"In most cases, the earnings estimates were way, way, way, way, way, way, way too low," he said as part of his first reaction to their results from the September quarter. "That's exactly what you'd expect from best-of-breed companies that are growing into their enormous market capitalizations every hour, every minute of the week."
"Alphabet, the parent of Google, was the one company that did something very unusual: They delivered a huge top- and bottom-line beat, and that sent the stock roaring," Cramer said. "I always expect Alphabet to somehow drop the ball and scare people, but they didn't this time. That didn't happen. ... This is, as of today, a new Alphabet."Amazon stock dipped 1% after the company announced quarterly numbers, despite having results that were much better than expected.
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