Nasdaq Futures Soar After Microsoft, Google, Amazon And AT&T All Beat, Surge

The "old economy" may be on the verge, if not already in a recession, but the "virtual/advertising economy", especially the one connecting the smart phone in your hand to some cloud, is thriving, and as a result Nasdaq is soaring after hours.

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After AMZN, MSFT, AT&T, and GOOG all beat:

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The details courtesy of Bloomberg:

Amazon

• *AMAZON SHARES RISE MORE THAN 8% IN POST-MARKET TRADING
• *AMAZON.COM 3Q EPS 17C, EST. LOSS 13C
• *AMAZON.COM 3Q SALES $25.4B , EST. $24.9B               :AMZN US

And here is something remarkable: AMZN had a higher profit on its AWS cloud service ($521MM at a 25% margin) than its entire domestic and international legacy business ($472MM or a 2.0% margin)

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Microsoft

• *MICROSOFT CORP 1Q ADJ. EPS 67C, EST. 59C
• *MICROSOFT CORP 1Q ADJ. REV. $21.7B, EST. $21.0B
• *MICROSOFT CORP SHARES RISE MORE THAN 5% IN POST-MARKET TRADING

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AT&T

• *AT&T 3Q ADJ. EPS 74C, EST. 69C
• *AT&T ADJUSTED EPS GUIDANCE INCREASED TO $2.68 TO $2.74 RANGE
• *AT&T 3Q ADJ. EBITDA $13.0B, EST. $12.4B
• AT&T sees 2015 adj. EPS $2.68-$2.74; saw $2.62-$2.68 (Sept. 29); est. $2.64.

Google

• *ALPHABET 3Q ADJ. EPS $7.35, EST. $7.20
• *ALPHABET 3Q REV. EX-TAC $15.1B, EST. $15.0B
• 3Q cost per click (CPC) down 11% y/y vs est. down 7.5% (3 ests.)
• 3Q paid clicks up 23% y/y vs est. up ~19%
• 3Q Total ad rev. up 13% y/y, websites rev. up 16% y/y
• *GOOGLE SHARES RISE MORE THAN 9% IN POST-MARKET TRADING

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October rate hike odds still at 6%.