RealTime IT News

Amazon Sales Surge Leaves Wall Street Cold

Amazon had set the bar pretty high.

Analysts panned the retail giant's fourth-quarter results after the markets closed on Thursday, even though the firm posted a record sales period during the all important holiday season.

But Amazon's $12.95 billion in net sales weren't enough, and the stock tumbled more than 10 percent in after-hours trading.

Meantime, the Kindle e-reader family continues to blossom, as Amazon reported that sales of Kindle versions outpaced paperback books for the first time.

ECommerce Guide has the numbers behind Amazon's record-breaking, but still disappointing, fourth quarter.

Read the full story at ECommerce Guide:
Amazon Q4 Sales Fall Short of Forecast, Earnings Top Estimates