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Amazon Grows, But Profits Aren’t Enough for Traders

January 28, 2016
By Michael Cader

Amazon reported fourth quarter sales after the close of the market on Thursday, with revenues growing 22 percent to $35.7 billion, and net income of $482 million in the fourth quarter, or $1.00 per diluted share. While those sound like strong results (record results, even), analysts were expecting slightly higher sales ($35.98 billion) and much stronger earnings of $1.58 per share, so the stock is down — falling about 9 percent first thing Friday after having risen on Thursday ahead of the earnings announcement. The AWS unit generated $687 million in operating income (while the entire company had $1.1 billion of operating income in […]

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Filed Under: Booksellers, Earnings Reports

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