Why Amazon.com Stock Popped 12% on Friday
Amazon.com (NASDAQ: AMZN) is an e-commerce giant with a $1.6 trillion market capitalization, but today its stock is shooting higher like some penny stock that just won its first buy rating -- up a solid 12% as of 10:30 a.m. ET.
Last night, Amazon reported market-thumping earnings results. While Q4 sales fell just a bit short of analyst forecasts at $137.4 billion, Amazon beat earnings expectations with a stick, reporting a $27.75-per-share profit that was nearly double the $14.09 per share the company earned in last year's Q4.
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Source Fool.com
