Company News: Amazon.com (AMNZ) yesterday reported better than expected fourth quarter earnings, but revenue missed forecasts

Market news

30 January 2015

Company News: Amazon.com (AMNZ) yesterday reported better than expected fourth quarter earnings, but revenue missed forecasts

Amazon.com (AMNZ) earned $0.45 per share in the fourth quarter, beating analysts' estimate of $0.16. Revenue in the fourth quarter increased 14.6% year-over-year to $29.33 billion, missing analysts' estimate of $29.63 billion.

The company released its forecasts for the first quarter 2015. Revenue is expected to be $20.9-$22.9 billion (analysts' estimate: $22.96 billion).

Amazon.com (AMNZ) shares increased to $327.50 (+5.04%) prior to the opening bell.

Company News: Visa (V) yesterday reported better than expected first fiscal quarter profits

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