Shares of Amazong are quickly 12% higher after the company reported sales of $200.6 billion against $196.72 billion expected. Operating income was $22.5 billion against $196.46 bilion expected.
That’s a nice beat that translated to EPS of $5.75, though I’m not sure it’s aproper comp to the $1.62 estimate. Free cash flow was also negative $7.6 billion for the trailing 12 months on sky high spending.
This article was written by Adam Button at investinglive.com.