HardOCP News
[H] News
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- Dec 31, 1969
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Funny how Amazon has its first $10B quarter (almost $13B actually), a 36% increase over the previous year, and its stock still took a hit because they missed analysts' expectations.
Sales reached $12.95 billion for 2010's holiday-heavy fourth quarter, up from $9.52 billion in the fourth quarter of the previous year. Amazon noted that this 36 percent increase would have been 37 percent had it not been for the $139 million shaved off it from unfavorable changes in foreign exchange rates. Operating income was $474 million, down slightly from $476 million in the fourth quarter of 2009.