Amazon Q4 Earnings Clear The Bar In Strong Holiday Showing, But Stock Sags Due To Outlook For Q1

Amazon delivered a strong set of financial results in the fourth quarter, with revenue in the holiday span rising 10% from a year ago to $187.8 billion and earnings nearly doubling to $1.86. Shares in the tech giant slumped on the earnings news, however, as it contained worse-than-expected guidance for the first quarter. After closing the regular trading day at $238.83, up 1%, shares fell 2% in after-hours trading. Analysts had expected earnings per share of $1.49, up from $1 in the year-ago period. Revenu ...