Amazon earnings are out!
Here’s the score:
Revenue: $25.59 billion vs. $US26.06 billion (Wall Street estimate)
EPS: $0.51 vs. $US0.66 (Wall Street estimate)
Profit: $239 million
The stock is down after hours as much as 10.9% after the miss on EPS. However, sales are very impressive, up 20% from the year-ago quarter. It was Amazon’s best-ever holiday quarter.
Amazon also said it is considering raising the price of Amazon Prime by $US20 to $US60. Amazon Prime gives customers unlimited free two-day shipping on select items plus access to its streaming video service Amazon Instant Video.
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
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