Amazon (AMZN) Ticks Slower Higher Days Ahead of Critical Q4 Results

Article Related Press Releases (1) Stock Quotes (3) Comments (0)

Days ahead of its critical year-end report, shares of online retailer Amazon (Nasdaq: AMZN) inched slowly higher, gaining over three percent to 52-week highs at 283. The rally is being tied to positive data on online holiday retails sales, which are expected to grow by 14 percent year-over-year, according earlier data from comScore.

As the largest online retailer, Amazon’s share of the pie is expected to be significant. Healthy reports by Google (Nasdaq: GOOG) and eBay (Nasdaq: EBAY) have given some investors confidence Amazon will hit its lofty revenue target of $22.28 billion. Investors will also be keeping a close eye on profit margins at retailer, long viewed as its biggest weakness.

Amazon reports after the bell on Tuesday, January 29th.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Amazon (AMZN) Expands Kindle Fire HD into 170 Additional Markets
• Like Microsoft (MSFT) Xbox 360 Games? Don't Buy an Xbox One...
• Microsoft (MSFT) wins case brought by Google's (GOOG) Motorola unit over Xbox - Bloomberg

Create E-mail Alert Related Categories

Insiders' Blog, Retail Sales

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?