Amazon Tanks After Earnings Miss

Steve Kovach

Thu, Jan 30, 2014, 5:42 PM

AP Photo/Reed Saxon

Amazon CEO Jeff Bezos.

Amazon earnings are out!

Here's the score:

Revenue: $25.59 billion vs. $26.06 billion (Wall Street estimate)

EPS: $0.51 vs. $0.66 (Wall Street estimate)

Profit: $239 million

The stock is down after hours as much as 10.9% after the miss on EPS. However, sales are very impressive, up 20% from the year-ago quarter. It was Amazon's best-ever holiday quarter.

Amazon also said it is considering raising the price of Amazon Prime by $20 to $60. Amazon Prime gives customers unlimited free two-day shipping on select items plus access to its streaming video service Amazon Instant Video.

More From Business Insider

Walmart CEO started his career unloading trailers at the warehouse—he says he got promotion after promotion by raising his hand when his boss was out of town
Walmart's CEO went from earning $6.50 an hour to $25 million a year—here are his three tips for climbing the corporate ladder like him
Fortune•9h ago
Trump to set interest rates himself under secret presidential plan
Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.
The Telegraph•2h ago
Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.
MarketWatch•10h ago
‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Fortune•1d ago
Boeing, Lockheed Passed Up for Air Force Drone Program
The program could be worth billions.
IEN•4h ago
2 Stock-Split Stocks to Buy Hand Over Fist Right Now
These proven wealth builders could be exactly what you're searching for right now.
Motley Fool•6h ago
A $100,000 salary no longer buys you a middle-class lifestyle. Here’s why it costs so much more now.
“We’re definitely not doing what you would think somebody with our income could do with the money,” one six-figure earner said.
MarketWatch•10h ago
Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst
Since 2021, Dogecoin (DOGE) has consistently been one of the largest cryptocurrencies in the market. The token has attracted tens of billions in investment and is up more than 27,000% since its launch. While the price has fallen considerably since highs, the token has held its own and performed well in 2024. Some do not see the growth stopping anytime soon. According to some analysts, DOGE could reach — and even surpass — the $100 mark. Don't Miss: Dogecoin millionaires are increasing — investor
Benzinga•3h ago
If I Had to Construct a Portfolio of Just 5 ETFs, Here's Exactly What I'd Buy Right Now
It's possible to construct a winning long-term investment strategy with just low-cost index funds.
Motley Fool•10h ago
The Average American 401(k) Balance Grew This Much in 2023. Is Yours Keeping Pace?
The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.
SmartAsset•4h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Amazon Tanks After Earnings Miss

Recommended Stories

Walmart CEO started his career unloading trailers at the warehouse—he says he got promotion after promotion by raising his hand when his boss was out of town

Trump to set interest rates himself under secret presidential plan

Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

Boeing, Lockheed Passed Up for Air Force Drone Program

2 Stock-Split Stocks to Buy Hand Over Fist Right Now

A $100,000 salary no longer buys you a middle-class lifestyle. Here’s why it costs so much more now.

Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst

If I Had to Construct a Portfolio of Just 5 ETFs, Here's Exactly What I'd Buy Right Now

The Average American 401(k) Balance Grew This Much in 2023. Is Yours Keeping Pace?