INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS
28 January 2011 - Despite improved fourth-quarter numbers, Amazon (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMZN) paid for a disappointing guidance with the loss of over 10% of its share price during the after-hours session, the Financial Times reported.
The world leader among online retailers reported a 36% jump in revenues during the festive quarter, collecting USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12.95bn (EUR EUR
In currencies, this is the abbreviation for the Euro.
Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 9.45bn). Notable occurrences were crossing of the USD10bn sales mark for the first time and the victory of Kindle e-books over conventional paperbacks. Amazon now sells 115 e-books for every 100 paperbacks. Fourth-quarter profits rose 8% on the year to USD416m.
However, investors were alarmed by Amazon's first-quarter projections, which suggest the likelihood of slipping operating margins. The group forecast year-on-year net sales growth of 28% to 39% but operating income is expected to drop by between 2% and 34%, reflecting charges related to stock awards and intangible assets amortisation.
