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January 29, 2015By Michael Cader

Amazon Has Slow Media Growth, But Slight Earnings Improvement Drives Stock

January 29, 2015By Michael Cader

The sometimes inexplicable world of Amazon performance metrics continues. The company reported fourth quarter sales on Thursday after the close of the market, with relatively modest growth — up 15 percent to $29.33 billion, below analysts’ expectations of $29.7 billion. But their meager net income of seven-tenths of one percent — $214 million, or 45 cents a share — was much better than the miniscule earnings Wall Street was prepared to expect (22 cents a share), and so the stock has risen about 10 percent (or $30 a share) after an hour of trading on Friday. But let’s focus on the data […]

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Filed Under: Booksellers, Earnings Reports

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