Amazon’s profits fall 45%, shares of AMZN reach all-time high

If you’re looking for any consistency on Wall Street, forget about it. Earlier this week Amazon reported earnings that missed Wall St. estimates by quite a bit. All told, Amazon reported net income of $ 97 million (a decrease of 45% year over year) and EPS of $ 0.21 compared to $ 0.38 per share during the same quarter a year ago. Analysts were expecting earnings of $ 0.27 a share and $ 22.26 billion in…
Yoni Heisler’s blog

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