Yes, profit.
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Amazon
Amazon stock had soared in the lead-up to what many expected would be a positive earnings report. It was up up almost 9% on Thursday, and its share price more than doubled in the past year.
But investors sold off the stock in after-hours trading following the earnings report, and the stock was down almost 13%. Amazon reported a $482 million profit for the quarter, which was more than double the $214 million profit in the same period in the previous year, but well below what analysts expected. It was also the largest quarterly profit Amazon has ever reported.
For the quarter covering the last three months of 2015, it had $35.7 billion worth of sales, up 22% from $29.3 billion a year ago but slightly below what analysts had expected.
One bright spot was Amazon web services, the company's cloud computing business. It reported $2.4 billion in revenue, just above what analysts expected, and $687 million in operating profit — a huge number given that all of Amazon made about $1.1 billion in operating profit for the quarter.
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