Amazon.com expected to post strong revenue growth January 29, 2013 - 16:52 AMT PanARMENIAN.Net - Amazon.com Inc. is expected to post strong revenue growth from the holidays when it reports fourth-quarter results after the market closes Tuesday, Jan 29, though profit margins will likely be squeezed by investments in the company's distribution network, Business Insider reports. On average, analysts polled by FactSet are expecting earnings of 28 cents per share on revenue of $22.26 billion, according to a poll by FactSet. In October, Amazon forecast revenue of $20.25 billion to $22.75 billion for the quarter. BGC Financial analyst Colin Gillis said "any upside" to Wall Street's expectations "is still a very low hurdle given the difficulty the company has had expanding earnings in recent quarters." Overall, investors have been more than forgiving about Amazon's thin margins on the premise that the company is investing in long-term growth. As of the stock market's close on Monday Amazon's stock was up about 10 percent year-to-date. Share rose slightly in premarket trading Tuesday, along with other tech stocks, after Yahoo topped Wall Street expectations late Monday for its first full quarter under CEO Marissa Mayer. Amazon.com , based in Seattle, is the world's largest online retailer. It also sells e-readers and tablet computers under the Kindle brand.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
