Amazon.com posts record earnings, then stock drops

Global Business

Amazon.com earns strong holiday season, membership growth2

The company that made Jeff Bezos famous just reported its best earnings ever, but Amazon’s fourth quarter still missed analysts expectations.

Amazon cited a strong holiday season and increase in its Prime membership as factors. Its 35 billion dollars in revenue is up 22 percent from the same time last year, but still fell short of the nearly 36 billion that was estimated.

For more on the future of Amazon, CCTV America spoke to David Meier. He is a Portfolio Manager at Motley Fool Asset Management.

Amazon.com earns strong holiday season, membership growth

Amazon.com earns strong holiday season, membership growth

The company that made Jeff Bezos famous just reported its best earnings ever, but Amazon's fourth quarter still missed analysts expectations. Amazon cited a strong holiday season and increase in its Prime membership as factors. Its 35 billion dollars in revenue is up 22 percent from the same time last year, but still fell short of the nearly 36 billion that was estimated. For more on the future of Amazon, CCTV America spoke to David Meier. He is a Portfolio Manager at Motley Fool Asset Management.