Monday

Amazon Stock Dropped In Q4

Posted By: Arin Dey - 12:00 AM

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Amazon’s fourth quarter results unveiled and unfortunately it failed to meet industry expectations. Fourth quarter revenues were forecast to reach $26-billion but they fell by $400,000. Though it has got a 20 percent increase over 2012′s final quarter. Investors were not impressed and stocks dropped by 7 percent last week.
Amazon stock dropped
Amazon expressed this in a press release but didn't mention anything regarding not meeting the expectations. They mostly focused on the company’s successes in 2013. The only positive thing for the company is that, in 2013 Amazon performed a 22 percent increase in sales with $74.5 billion. In 2012 the year-end figure was $61.1 billion which is much lower compared to present.

Amazon CEO Jeff Bezos said that “It’s a good time to be an Amazon customer. You can now read your Kindle gate-to-gate, get instant on-device tech support via our revolutionary Mayday button, and have packages delivered to your door even on Sundays. In just the last weeks, Forrester, YouGov, and ForeSee have all ranked Amazon No. 1 — and we believe we’re just scratching the surface of what world-class customer service can be.”

In 2014, the company projects net sales between $18.2 billion and $19.9 billion in the first quarter. If they achieve that then the company growth would be in between 13 and 24 percent in comparison to the first quarter of 2013. Lets hope for a better year for Amazon.

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