UPDATE: Amazon Says It’s Considering Price Hike For Amazon Prime

By | Thursday January 30, 2014 @ 1:11pm PST

UPDATE, 2:43 PM: The company could add as much as $40 to the current $79 annual fee, CFO Tom Szkutak told analysts in a conference call to discuss earnings. While no decisions have been made, he and other execs say that the current price has been in place for nine … Read More »

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Amazon Shares Volatile After Q4 Results Miss Expectations

By | Tuesday January 29, 2013 @ 1:03pm PST

The stock fell at least 4% in after hours trading moments after the e-retail giant announced its results — but have rebounded to +6.7%. The company generated net income of $97M in the quarter, down 45% vs the same … Read More »

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Amazon’s Investments Depress Q2 Profits, But Not Its Stock

By | Thursday July 26, 2012 @ 3:47pm PDT

Investors don’t always demand that companies favor short term results over business-building investments. Just look at what’s happening at Amazon. This evening the company reported Q2 results that would chill most execs. Net income came in at $7M, down … Read More »

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Amazon -11.5% In Early Trading, But Analysts Say The Growth Story Is Intact

By | Wednesday October 26, 2011 @ 8:00am PDT

Amazon startled investors last night with its report of a huge 3Q profit miss. The stock is off about 11.5% this morning from yesterday’s close of $227.15 before the announcement. But analysts are taking the disclosure in stride, saying that Amazon’s just going through some growing pains while CEO Jeff Bezos awaits a huge inflow of cash from sales of the company’s new Kindle Fire tablet. RBC Capital Markets analyst Ross Sandler maintained his “outperform” recommendation on the stock, although he trimmed the target price to $240 from $265. “We view these quarterly pullbacks as good opportunities to add to (investment) positions, and see the upcoming Kindle Fire product launch as the next catalyst that should allow for revenue upside in 2012,” he says. Credit Suisse’s Spencer Wang also trimmed his target, to $200 from $210, yet maintained his “neutral” position on Amazon. He considers it a “core holding in the sector” but urges investors to wait for ”a more attractive entry point.” Read More »

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Amazon -12% After Hours Following Big 3Q Earnings Miss

By | Tuesday October 25, 2011 @ 2:29pm PDT

The online retailer ended up with net profits of 14 cents a share — a far cry from the 24 cents that the Street expected. The company reported net income of $63M, down 72.7% vs last year’s 3Q, on … Read More »

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