PREMARKET ALERT: Amazon (AMZN)
Posted in GeneralJuly 24th, 2009
Amazon.com Inc. (Nasdaq: AMZN) shares are down nearly 6 percent to $88.29 in early premarket trading of fewer than 10,000 shares as of 8 a.m. Eastern. The stock was one of the most active issues after hours. It reported in-line EPS of 32 cents a share, with revenue of $4.65 billion, slightly below expectations of $4.69 billion. The company guided in-line for Q3, and says it expects revenue of $4.75-5.25 billion vs. $4.92 billion analyst consensus. As expected, the company did not provide a specific sales breakout for its Kindle product. — Mike Tarsala
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