Amazon (AMZN) stock jumped 11% early Friday, a day after the e-commerce leader issued fourth-quarter earnings that crushed views on improving margins despite a modest revenue miss and soft Q1 guidance tied to adverse currency factors. The results prompted some analysts to raise their price targets on the stock. Amazon was up 11.1% by late morning trading in the stock market today to more than 346. For the fourth quarter, Amazon (AMZN) said it
Amazon shares surged 12% in after-hours trading Thursday after the e-commerce king reported fourth-quarter earnings that trumped forecasts, though sales were eroded by adverse currency factors and missed views. The company’s Q1 outlook also disappointed. The shares closed the regular session at 311.78. Investors seemed cheered by a better-than-50% increase in paid Prime membership last year that offset softness in other parts of Amazon’s (AMZN)
Amazon.com (AMZN) faces adverse foreign currency trends ahead of its fourth-quarter earnings release after the close Thursday, causing some analysts to lower their price target on the stock. The consensus estimate of 45 analysts polled by Thomson Reuters is for the e-commerce king to post earnings per share minus items but including options of 17 cents a share, down 67% from 51 cents in the year-earlier quarter, on sales of $29.68 billion, up 16%.