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Amazon (NASD: AMZN) Rises While Apple (NASD: AAPL), Facebook (NASD: FB) Fall
Despite solid earnings results across the tech industry, shares in Facebook (NASD: FB) and Apple (NASD: AAPL) are down – yet Amazon (NASD: AMZN) is up. Amazon Chief Executive Jeff Bezos has long been an anomaly in terms of tech strategy -he is known to pressure executives and innovators to write essays and to be thoughtful and comprehensive when taking the podium at his strategy meetings. His approach is decidedly academic, more so than classic business.
The approach Bezos has taken has long been...
Amazon (NASD: AMZN) Shares Soar on Earnings Results
Shares of online retail giant Amazon (NASD: AMZN) fell nearly 6% today in the run up to their earnings announcement, then soared almost 9% in the afterhours trading following better than expected results.
The world’s largest Internet retailer said that its cloud computing services, video content sales and its aggressive expansion in e-books helped increase profitability. In addition, a growing network of warehouses or fulfillment centers closer to customers held down shipping costs as it vied...
Amazon Stock Drops After Disappointing Results
Amazon got hit hard in the stock market today.
February 1, 2012- Internet giant Amazon continues its fast track of growth, but higher expenses in the company are eating away at its profit. The company on Tuesday reported its earnings for the fourth quarter of 2011.
The earnings report fell short of expectation of Wall Street analysts. Amazon also said it could have a loss in the current first quarter of 2012. The earnings report and comments about the current quarter caused its stock price to fall...