Thursday, February 2, 2012

Amazon earnings OK, but stock slides 10%


  • Last quarter for Amazon was not a terrible on, but also not a great one.
  • It earned up to $177 million, this equals to 38 cents per share for the holiday quarter
  • The revenue that Amazon had gotten was $17.4 this was short of their $18.3 billion that analysts expected
  • This caused a 9% lowering of trading this Tuesday
  • For this quarter, the company expects to gross between $12-$13.4 billion dollar
  • What 's bringing in most of this revenue is The Kindle Fire
  • Amazon hopes that with it's low price it will bring in more buyers 

No comments:

Post a Comment