Is Amazon Finally Starting Its Journey Towards Profitability?
by Efsinvestment
By: Ahmed Ishtiaq
Amazon (AMZN) had an interesting day, and the stock lost almost 6% in the normal trading hours. However, it jumped by almost 9% in the after-hours trading, due to an increase in margins reported by the company. Investors were probably concerned about the fourth quarter sales, and expected the company to report poor results. However, increase in margins proved to be a positive surprise, and it excited the investors. An expansion in the margins was taken by investors as an indication of Amazon finally starting its ride on the path towards profitability. read more »
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