NEW YORK (CNN/Money) -
Earnings news remained at the forefront after the closing bell Tuesday, with Amazon.com, Kraft Corp. and Electronic Arts all showing off quarterly numbers.
In after-hours trading, shares of Amazon (AMZN: Research, Estimates) fell even though the online retailer reported a higher quarterly profit, as revenue jumped 36 percent thanks to the company's busiest holiday season yet.
The Seattle-based company said fourth-quarter net profit rose to $73.2 million, or 17 cents per diluted share, from $2.7 million, or 1 cent a share, in the year-ago period.
Excluding items, Amazon had a profit of 29 cents a share. Analysts, on average, had seen the company posting a profit of 29 cents a share before items on total revenue of $1.86 billion, according to Reuters Research.
Amazon stock, which closed down $1.29 at $55.74 on the Nasdaq, fell to $54.45 in extended trade following the company's report.
Shares of Electronic Arts (ERTS: Research, Estimates) also fell despite the video game publisher posted a larger third-quarter profit from strong holiday sales of hit games like "Need for Speed Underground."
Electronic Arts was at $45.76 on Instinet, down from its regular session close at $48.53.
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In addition, Kraft Foods (KFT: Research, Estimates), the nation's largest food maker, said after the bell that it would cut about 6,000 jobs globally and take charges of $1.2 billion before taxes, in an effort to offset slowing trends with cost cuts.
The job cuts, nearly 6 percent of Kraft's total work force, come as the company has been hurt by slowing growth in core categories like cookies and pressure from private-label brands.
The earnings parade will continue to dominate Wednesday trading. The companies scheduled to report early during the day will include Hershey Foods (HSY: Research, Estimates), Procter & Gamble (PG: Research, Estimates), Sirius Satellite (SIRI: Research, Estimates) and Marsh & McLennan Cos. (MMC: Research, Estimates), the parent company of embattled fund company Putnam.
Among other big names due to release results later this week are Altria (MO: Research, Estimates), Kraft's corporate parent, due after the opening on Wednesday, Boeing (BA: Research, Estimates), Gillette (G: Research, Estimates) and Exxon Mobil (XOM: Research, Estimates) all reporting on Thursday.
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