Amazon's big miss, Alphabet's strong quarter, ExxonMobil profit falls

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Amazon (AMZN) shares were down sharply in early trading. The e-commerce giant posted third-quarter earnings that missed analysts’ expectations by a wide margin, while revenue was in line with estimates. Amazon blamed the loss on big investments in warehouses and video. Amazon built 18 fulfillment centers during the quarter and plans to build more. Investors are also responding to Amazon’s forecast for operating income in the fourth quarter ranging from nothing to $1.25 billion. Wall Street expected more than $1.5 billion.

Google’s parent company Alphabet (GOOGL) delivered a beat on both its top and bottom lines for the third quarter. Revenue surged 20% from a year ago thanks to strong advertising on mobile devices and on its video site YouTube. Meanwhile, revenue from Alphabet’s so-called “Other Bets,” which includes industries like autos and health care, rose about 4% to $197 million.

ExxonMobil (XOM), the largest publicly traded oil company, reported earnings that topped analysts’ views, but revenue fell short of estimates. Profit dropped 38% from a year ago due to declining oil prices and as refining margins continued to contract.

Baker Hughes (BHI) stock soared in early trading. The Wall Street Journal reported late Thursday that General Electric (GE) was in talks to buy the oilfield services provider. However, GE squashed the takeover speculation, saying in a statement it was “in discussion with Baker Hughes on potential partnerships, but none of these options include an outright purchase.”