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