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Thursday, 28 April 2016

Amazon just posted a huge earnings beat and the stock is soaring

amazon Amazon posted its first-quarter earnings today, and boy did they not disappoint: it beat what analysts were expecting on nearly all fronts, and the stock is up more than 12% after its huge beat. What’s going on here with the stock? Basically, Amazon shares tend to swing wildly whenever it reports earnings. Last quarter shares tanked 13% after missing fourth-quarter expectations. The year… Read More

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