Amazon heading for 2-year high as earnings exceed estimates

Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) was set to return to share price levels last seen two years ago after reporting robust fourth-quarter earnings on Thursday, outperforming analysts' expectations. The e-commerce giant reported earnings per share (EPS) of $1, up from $0.03 a year earlier and surpassing the average Wall Street estimate of $0.78. Quarterly net revenue mushroomed 14% year-on-year to reach $170 billion, outpacing the $166.3 billion consensus forecast and the $167 billion top end of guidance,  ...