Amazon Posted Its First Profit In Months, And Yet The Stock Tanked
Amazon posted results yesterday for its all important holiday quarter. One of the surprising things about this quarter is that Amazon posted a nice profit of $239 million, after several quarters of almost no profit or outright losses. And yet the stock was absolutely crushed, falling 10% in after-market before recovering slightly. The reason is not it’s slightly lower than expected earnings, it’s Amazon’s future outlook.
“Amazon Posted Its First Profit In Months, And Yet The Stock Tanked” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.