Just minutes before the close of the stock market on Thursday Amazon’s stock shot up almost 9% to close the day at $ 635 per share. Investors were giddy about the company’s forthcoming earnings news.
As soon as the market closed the company’s financials were released. And investors were disappointed.
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Amazon did just fine; revenues rose 22% compared to the same time period a year earlier to $ 35.75 billion. Analysts were predicting closer to $ 35.9 billion.
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Amazon’s earnings disappointed, but they could have been a lot worse
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