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Amazon Investors Puke Shares On Top And Bottom Line Miss, But Cloud Growth Near Consensus

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These 3 Tech Leaders Are Within 2% Of Buy Points (Investor's Business Daily), Inc. (NASDAQ: AMZN) reported fourth-quarter results after Thursday's market close.

The company reported net sales of $35.7 billion in the fourth quarter of 2015, up from $29.3 billion in the fourth quarter of 2014. Analysts were expecting a revenue figure of $35.9 billion.

The company reported diluted EPS of $1.00 for the quarter, a big miss of the consensus $1.56 estimate. The $1.00 figure is up more than 50 percent from the 2014 diluted EPS of $0.45.

Analysts are most keen on the growth of Amazon's web services, such as the cloud and Amazon Prime. The Street was looking for ~70 percent growth in Amazon's web services.

AWS sales came in up 69 percent year-over year for the fourth quarter and for fiscal year 2015.

The stock was tanking in the after-hours session, last down 12 percent at $555.

Posted-In: Amazon Prime Amazon Web Services AWSEarnings News After-Hours Center Movers Tech


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