Amazon's golden touch continues.
Despite missing analysts' earnings estimates for the fourth quarter -- by a country mile, actually -- Amazon's stock traded up significantly in after-hours trading. Amazon's net income fell 45 percent to $97 million, or 21 cents per diluted share, compared with $177 million, or 38 cents a share, for the same period a year ago.
In the quarter, which ended December 31, Amazon continued its double-digit sales growth with sales up 22 percent to $21.27 billion.
That fell short of the average earnings estimate of 29 cents-per-share. How to explain the initial … Read more