Amazon (AMZN) Ticks Slower Higher Days Ahead of Critical Q4 Results
Tweet
Share
E-mailGet Alerts AMZN Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- OpenAI Buys Back $7 Billion Of Employee Shares In Tender Offer - Bloomberg
- Microsoft only US hyperscaler with positive free cash flow as AI capex bites
- OpenAI slows release of Astra model citing cyber capabilities - Axios
Create E-mail Alert Related Categories
Insiders' Blog, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
