Amazon reported its third quarter financial numbers today, delivering $17.09 billion in revenue at a loss of 9 cents per share. Revenues surpassed analyst expectations of $16.7 billion, though earnings per share (or lack thereof) fell perfectly in line with Wall Street predictions.
Amazon's stock has been surging over the last year, rising to a all time high of $330 a share this week. What's truly amazing about this run is that Amazon has missed expectations in three of its last four quarters and lost money in two of them. What investors care about with Amazon is the incredible growth of its revenue, especially in high margin areas like Amazon Web Services, it's third part merchant program, 3P, and advertising.
via The Verge - All Posts http://www.theverge.com/2013/10/24/5024092/amazon-earnings-third-quarter-q3-2013
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