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Amazon Shares Plunge After Lukewarm Earnings Report
Amazon Shares Plunge After Lukewarm Earnings Report
http://rack.0.mshcdn.com/media/ZgkyM...zon-sorter.jpghttp://rack.3.mshcdn.com/assets/feed...013aed8d66.jpghttp://rack.1.mshcdn.com/assets/feed...3b7fd07c38.jpg Amazon shares are getting slammed amid heavy trading volume on Friday after the ecommerce retailer reported lukewarm earnings. It has been a brutal 2014 for the company's stock. Investors sent shares 9% lower in the first hour of trading on Friday, extending 2014 losses to 22.8%. [IMG]http://rack.0.mshcdn.com/media/ZgkyMDE0LzA0LzI1LzA5L1NjcmVlbl**b3QyLmE4M2I4LnBuZw pwCXRodW1iCTU3NXg0MDk2Pg/3cbd289f/47b/Screen-Shot-2014-04-25-at-10.34.47-AM.png[/IMG] Image: Google Finance The company reported earnings Thursday after**on that met investor expectations. Revenue continues to grow at a rapid pace, but that has **t translated into significant profit growth. Have something to add to this story? Share it in the comments. Read more... More about Amazon and Businesshttp://feeds.feedburner.com/~r/Mashable/~4/0gMkSs6fuMM |
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