Why Amazon Momentarily Panicked Investors Last Week
The e-commerce and cloud services powerhouse that is Amazon (NASDAQ: AMZN) proved itself yet again in the third quarter -- but primarily on the top line. It sold an impressive $70 billion worth of stuff, and revenue grew 24%. But when Wall Street saw the numbers late last Thursday, all that the market focused on was that profits and margins were lower than expected, and share prices tumbled after hours. In this segment of the Oct. 25 Motley Fool Money podcast, host Chris Hill and analysts Jason Moser, Emily Flippen, and Ron Gross break down what's really going on at Amazon, the power of the Fire brand, why the stock rebounded so fast, and more.
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Source Fool.com
