Amazon and GoPro Miss Revenue, Stock Drops
Posted by: Timothy Tibbetts on 02/03/2017 09:34 AM
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Amazon.com was taking a beating on Wall Street Thursday after its holiday season sales fell short of expectations.
The online retail technology company reported fourth-quarter earnings that beat analysts' expectations on Thursday, but revenue that fell short of estimates. It also gave future guidance that was below the average estimate.
EPS: $1.54 a share vs. $1.35 adjusted expected by a Thomson Reuters consensus estimate.
Revenue: $43.74 billion vs $44.68 billion expected by Reuters
Amazon Web Services revenue:$3.536 billion vs.$3.6 billion expected by FactSet
Q1 guidance: Between $33.25 billion and $35.75 billion vs. revenue of $35.95 billion expected by Reuters
If I had 800 bucks, I would buy a share while it's down and it appears those in the know agree.
Also, GoPro reported that its full-year revenue fell 22% to $1.2 billion in 2016 from $1.6 billion in 2015. Their stock is also down about 10%.
The online retail technology company reported fourth-quarter earnings that beat analysts' expectations on Thursday, but revenue that fell short of estimates. It also gave future guidance that was below the average estimate.If I had 800 bucks, I would buy a share while it's down and it appears those in the know agree.
Also, GoPro reported that its full-year revenue fell 22% to $1.2 billion in 2016 from $1.6 billion in 2015. Their stock is also down about 10%.
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