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Pompano Beach, FL -- (SBWIRE) -- 01/30/2013 -- E-retailer giant Amazon.com (NASDAQ:AMZN) stock was excited on Wednesday morning following the company late on Tuesday reported a shocking fourth quarter report, which included revenues and profits that were below Wall Street targets, but gross margins that exceeded Street predictions by many percentage points.
Is AMZN a Solid Investment at These Levels? Read This Report For Details
Amazon reported sales of $21.27 billion, which were 22% higher from 2011 same quarter figures, less than the Street consensus at $22.26 billion, and almost in the middle of the Amazon.com (AMZN) outlook range of $20.25 billion to $2.75 billion.
Profits came in 21 cents per share, just an inch below the Street target of at 29 cents. Net income came in $97 million, which was lower 45%.
So far today, Amazon.com, Inc. (NASDAQ:AMZN) shares climbed +3.91% to $270.53 while the stock is changing hands within a range of $268.53 – $284.20. In the past year, the stock has traded between $172.00 and $284.72. Its average daily trading volume is 3.26 million shares.
What was the Moving Force behind AMZN On Bullish Run? Read This Research Report
Looking at other stocks in the same industry, eBay Inc, Liberty Interactive and E Commerce China Dangdang Inc are in the top volume leaders. Let’s have a quick look on their Market performance.
eBay Inc (NASDAQ:EBAY) shares are up +0.63% to $56.01 while the stock is trading within the range of $55.84 – $56.50 in the current trading session. In the last 12 months, shares have floated between $31.33 and $56.66. This stock, on average, has trading volume of 10.50 million shares.
Will EBAY Continue To Move Higher? Find Out Here
In this session so far, Liberty Interactive (Interactive group) (NASDAQ:LINTA) shares moved up +0.61% reaching $21.41. The stock is trading in a range of $21.22 – $21.44. In the last year the stock has moved within a range of $15.93 – $21.44. The Company’s average daily trading volume is 3.12 million shares.
For How Long LINTA will Fight for Profitability? Read This Trend Analysis report
Another rival company, E Commerce China Dangdang Inc (ADR) (NYSE:DANG), is trending -0.92% lower to $4.32. The stock price is hovering in range of $4.31 to $4.40. In the previous 52 weeks, shares price ranged between $3.68 and $11.25. Their average daily trading volume is 1.11 million shares.
Why Should Investors Buy DANG After the Recent Fall? Just Go Here and Find Out
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