Amazon Falls, But Will It Continue?
by Bill Maurer
Last Thursday, Amazon (AMZN) announced its fiscal first quarter results. The company missed analyst estimates for revenues, but beat on the bottom line. Second quarter guidance was disappointing, which has become a trend for the online retailer. On Friday, Amazon shares dropped by more than 7 percent. For many, Amazon's lack of profits has led to a sky high valuation, and the shorts are quick to throw out that fact. However, Amazon shares for the most part do not stay down long, as I've been telling you how many trade this company more on price to sales than price to earnings. Today, I'll break down the results, and discuss whether the recent fall is a sign of things to come. read more »
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