‘Amazon Stock Up 10% Despite Missing Sales, Guidance Forecasts’ – ‘Mashable’

Lauren Indvik says, “Amazon missed analysts’ expectations for revenue and guidance, but the stock still shot up by as much as 10% after hours.

Net sales totaled $21.3 billion for the December quarter, up 22% from the same quarter a year ago, but missing analysts’ forecasts by $1 billion. Net income was down 45% to $97 million. The company’s first quarter guidance was also lower than expected at $15.8 billion compared to Wall Street’s estimates of $16.84 billion”.