Amazon reported strong third quarter sales on Thursday evening, with net sales excluding the recently-acquired Whole Foods and foreign exchange gains growing 29 percent. That coupled with a strong fourth quarter sales forecast means Wall Street doesn’t care about the paltry earnings again, driving the stock to a new all-time high in early Friday trading, trading at over $1,070 a share within the first 30 minutes, up over 10 percent. As noted previously, the company stopped reporting any useful metrics related to their media businesses earlier this year (as Apple appeared to surpass them). With the acquisition of Whole Foods, […]
