Amazon.com Hitting New Highs (AMZN)
Posted in pre-marketOctober 23rd, 2009
Amazon.com Inc. (NASDAQ: AMZN) blew through earnings estimates with $0.45 EPS on a 27% revenue gain of $5.45 billiov, Thomson Reuters was at $0.33 EPS and $5.03B in revenues. The guidance was $8.12 to $9.12 billion vs. $8.12 billion estimates. FULL NEWS at 24/7 Wall Street. At 5:26 last night we had shares at $107.56, up 15.10% on 6,192,434 shares since the close. At 8:18 AM EST we have shares trading at $107.40, up 14.9% on 341,038 shares. Volume will pick up and should go way above the 6.6 million shares on an average day. These prices are 52-week highs at anything above $97.82. Shares had briefly hit $100.00 at the end of 2007. JON OGG
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