The online retail technology company reported fourth-quarter earnings that beat analysts' expectations on Thursday, but revenue that fell short of estimates. It also gave future guidance that was below the average estimate.Amazon has had to spend a lot of money on infrastructure and that's going to have an effect on the bottom line. The cost of sales has to be enormous. It's easy to envision Amazon as a juggernaut, but even juggernauts can encounter resistance.
Friday, February 03, 2017
Retail sales weren't great over the holidays and plenty of people assumed that was because Amazon was eating everyone's lunch. That may be true, but it doesn't necessarily mean Amazon is doing that well, either: