Amazon Earnings Broadly As Expected
by Paulo Santos
Amazon.com (AMZN) reported its Q1 2013 earnings. These came in at $0.18 versus a $0.09 consensus. At first the stock climbed quite a bit on the notion that it had beat or doubled expectations, but one needs to consider that for Amazon.com $0.10 in excess or missing on its earnings is basically irrelevant, because it needs just $46 million or a puny 0.28% of sales for a beat or miss in that magnitude. read more »
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