Amazon Stock Drops on Holiday Sales Miss

An AWS logo spotted in Singapore

Despite the less-than-stellar revenue and guidance, several analysts remained bullish on Amazon shares following the results. These costs, among others, contributed to a bit of investor disappointment today, when the company's revenue for the period between October and December of previous year came in slightly under Wall Street expectations. (NYSE:GG) might hit $18.03, however, the High Price Target and Low price Target are $28 and $14.5, respectively.

At least six brokerages cut their price targets on the stock, bringing the median target price to $925. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.51% where SMA50 and SMA200 are 7.2% and 10.98% respectively. The Company has gross margin of 34.60% and profit margin was positive 1.60% in trailing twelve months.

CEO Jeff Bezos put emphasis on Amazon Prime, saying in a statement that "tens of millions of new paid members joined the program in just this past year".

Inc. on Thursday posted a 55% rise in fourth-quarter profit, turning its banner holiday season into a sustained streak of profitability.

This afternoon e-commerce giant Amazon announced quarterly revenues of $43.74 billion and earnings of $1.54 per share. Return on Equity (ROE) stands at 13.5% and Return on Investment (ROI) of 5.9 percent. The business's revenue was up 22.4% on a year-over-year basis. Free cash flow less finance lease principal repayments and assets attained under capital leases raised to $3.9 billion for the trailing twelve months, contrast with $2.5 billion for the trailing twelve months ended December 31, 2015. "Part of the softness comes down to shipping related revenue, which grew by its slowest pace in over a year". If you are reading this piece on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark law. The correct version of this news story can be read at As a result, Amazon's shares were falling around 4 percent in after-hours trading after rising a little less than 1 percent, to $839.95 a share, in regular trading today. This transaction occurred on 2016-11-15 totals $3525000.58. Company has a market cap of $395,505 M. (NASDAQ:AMZN), according to U.S. Securities and Exchange Commission (SEC) filings. Following the transaction, the chief executive officer now owns 58,139 shares of the company's stock, valued at approximately $44,601,333.85.

A number of large investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its stake in shares of by 0.4% in the second quarter.

Amazon stock closed during Thursday regular session at $840.18, up 0.94%. Expected growth of, Inc.

Bezos was also quick to highlight how Alexa-enabled devices were the top-selling products across all categories on this holiday season. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Related news:

Hot News

isis-killer-beheading-video-story-top Ronald Gasser indicted with 2nd degree murder of Joe McKnight
Feb 03, 2017 - 00:59
Judge June Darensburg from the 24th Judicial District Court increased Gasser's bond to $750,000 following his indictment. At that point, according to police, McKnight got out of his auto and went towards Gasser who fired three shots at him.

isis-killer-beheading-video-story-top PM stood up to Trump, colleagues say
Feb 03, 2017 - 00:55
It wasn't clear what Trump meant by "bad hombres", a term he used to describe Mexican immigrants during the election campaign. Sky News sources claim President Trump was "yelling" at Mr Turnbull at points during the heated conversation.

isis-killer-beheading-video-story-top Waymo's cars are getting a lot better at autonomous driving
Feb 03, 2017 - 00:54
General Motors Co and its Cruise Automation affiliate logged almost 10,000 miles in self-driving vehicles on California roads. There's also no specific standard on how or when test drivers should decide to intervene and disengage the technology.

isis-killer-beheading-video-story-top Euro-Area Manufacturing Picks Up as Demand Drives Prices Higher
Feb 03, 2017 - 00:51
The sub-index for production was 53.1, 0.2 lower than in December, while the sub-index for new orders was down 0.4 to 52.8. Capacity constraints will tend to put upward pressure on prices and curb the potential for higher output.

isis-killer-beheading-video-story-top Chelsea's Conte keen to turn screw on fragile Liverpool
Feb 02, 2017 - 00:52
And Conte has admitted that Liverpool would be dealt a severe psychological blow should they lose to his Chelsea side at Anfield. "We can not waste time or points any more ".

isis-killer-beheading-video-story-top Nintendo Learning From Past Mistakes With Switch Super Bowl Ad
Feb 02, 2017 - 00:51
Despite large success since 1997, Nintendo was at its financial peak with 2006's Wii, selling 101.1 million units as of 2016, more than both the Playstation 3 and the Xbox 360.

isis-killer-beheading-video-story-top Greenpeace Calls Senators Who Voted To Confirm Rex Tillerson Spineless
Feb 02, 2017 - 00:50
Elizabeth Warren has ripped into Rex Tillerson, President Donald Trump's nominee for secretary of state . Finally, the third Democratic senator who voted for Tillerson is Senator Heidi Heitkamp of North Dakota.

isis-killer-beheading-video-story-top McLaren and BMW partner to develop new engine technology
Feb 02, 2017 - 00:49
McLaren is to work with BMW again on future engine tech - bringing back memories of the Munich-powered V12 F1. McLaren and BMW are collaborating to develop the next generation of combustion technology.

isis-killer-beheading-video-story-top DHS will continue to enforce Trump's travel ban
Feb 02, 2017 - 00:49
Politicians in the USA and around the world also criticised the move. "We need to do our best to be vigilant and protect Americans".

isis-killer-beheading-video-story-top Several shooters kill 6 worshipers at Quebec City mosque
Feb 02, 2017 - 00:49
Police arrested two suspects but did not provide further information due to the probe being in its initial stage. A man of Moroccan descent who had also been arrested was now considered a witness, the Canadian source said.

isis-killer-beheading-video-story-top This Immigrant's Family Was Destroyed After Donald Trump's Muslim Ban
Feb 02, 2017 - 00:48
As they were waiting in line at the airport in Iraq on Friday, he was told that he could pass through because he was a US citizen. He said that he was allowed through because of his American citizenship but his ailing mother and other family members were not.

isis-killer-beheading-video-story-top France's Le Pen Misses Deadline To Repay Misspent Funds To EU
Feb 02, 2017 - 00:47
Le Pen is to be docked €7,000 a month from her European Union parliamentary earnings, as of today (1 February). The parliament says she wrongly used the funds to pay an aide at the National Front's headquarters in Paris.

isis-killer-beheading-video-story-top Hillary Clinton signs two book deals
Feb 02, 2017 - 00:47
She tweeted earlier this week that Trump's travel ban was "not who we are", her clearest rebuke of Trump since the election. Clinton has previously had five books published , including " Hard Choices " and " Living History ".

isis-killer-beheading-video-story-top United Nations to hold technical meeting over Syria in Astana
Feb 02, 2017 - 00:47
The talks were set for 8 February but then postponed until 20 February to give the opposition more time to present a united delegation.

isis-killer-beheading-video-story-top An Aggressive White House Finds Itself on Defensive
Feb 01, 2017 - 01:47
Reporters who had written about voters in those areas were mocked for saying Mr. McAleenan said this was being done in concert with the State Department.