Needham & Company maintains Hold on Amazon.com (NASDAQ: AMZN).

Analyst Kerry Rice comments "Amazon reported mixed 4Q16 results with revenue below expectations, but operating income above expectations. N. American and International revenue were below expectations, as well as revenue by category (i.e. Media and EGM). Even AWS was slightly below expectations, which we attribute to recent price cuts. Operating Income was slightly better than expected on higher than expected gross margin and slightly lower operating expenses. The 1Q17 outlook disappointed on both revenue and operating income standpoint. While we expect continued solid growth in FY17, the increasing mix of 3P is likely to weigh on revenue growth. Additionally, we expect the ongoing heavy investment cycle to continue as the company builds FCs, invests in content, infrastructure, and geographic expansion."

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $839.95 yesterday.