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Thursday, February 02, 2006 

AMAZON profit fall last quarter

Chart courtesy of stockcharts

AMAZON reported today after the market closed a fourth-quarter net earnings of $199 million, or 47 cents a share, compared with $347 million, or 82 cents a share, in the year-ago period. The revenue rose to $2.98 billion from $2.54 billion last year, but below the analysts estimates of $3.08 billion. In after Hours shares of AMAZON down near 9%.
Amazon also said that it expects to generate sales between $9.85 billion and $10.45 billion in 2006, in line with analysts' estimates.
According to Sell Off in after Hours we can see in the chart above a possibility supports between 37 and 38.70$ for tomorrow, but if Amazon open above 40$ tomorrow, this analysis change.

That's All. Have a great evening !!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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