‘Amazon stock surges after turning better-than-expected profit in Q4’ – ‘Mashable’
Jason Abbruzzese says, “Amazon finished 2014 much stronger than some expected. The company’s Prime service grew its membership by 53% worldwide off a base of “tens of millions” in 2014. The ecommerce retailer also announced solid earnings for the end of 2014 in its fourth-quarter earnings release on Thursday, logging $0.45 per share of profit, easily beating expectations of $0.17. Its total revenue of $29.3 billion just missed analyst estimates. Shares moved sharply higher in after-hours trading, adding around 12.9% after the company’s earnings call. “When we raised... [...]