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WTF: Amazon Barely Ekes Out Profit on $21B in Sales, Misses Estimates, Stock Jumps 10%

5
Destro1/29/2013 10:25:19 pm PST

re: #3 Skip Intro

Amazon saw just $97 million in net profits in Q4. Yes, $97 million. That would be a big win for a company with $1 billion in revenue, but I’m probably not going out on a limb to say that it’s a red flag when you’re doing $21 billion.

Is it because they are undercutting the brick and mortar competition by undercharging for goods?