Amazon Barely Ekes Out Profit On $21 Billion In Sales, Misses Estimates, Yet Stock Jumps 10%
by TechCrunch
By Rip Empson
You really have to hand it to Jeff Bezos and Amazon (AMZN), which seem to continuously defy reality - and gravity. Amazon just announced its fourth-quarter earnings, and if you listen to the press, you'd think it was another home run. And if you are watching Amazon trade after-hours, you'd think this is the most buyable stock since the last time MG wrote about Apple (AAPL). Amazon is up nearly 10 percent since the market closed and, as Reuters points out to wit, the stock hit a record high on January 25th. read more »
More on AMZN
Amazon.com's Management Discusses Q4 2012 Results - Earnings Call Transcript
Amazon Misses: Q4 Sales Up 22% To $21.3 Billion, Net Income Down 45% To $97 Million by TechCrunch
Finally - Reality Is About To Hit Amazon Shareholders by Derek Blain
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