Thursday, January 27, 2011

Amazon Revenue Misses, Shares Plunge

What did I write yesterday? WHO called it? WHO is the man? Reuters: "Amazon posted holiday quarterly revenue that fell short of analysts' estimates and forecast disappointing first-quarter operating margins on Thursday, and its shares fell almost 10 percent. Fourth-quarter revenue for the global online retailer was $12.95 billion. Analysts on average forecast $13.01 billion. Amazon's fourth-quarter operating profit margin was 3.7 versus 5.0 a year earlier, a sign of how much Amazon and other retailers had to discount to attract customers during the holidays, analysts said. ... "