Amazon tops $100 billion sales, still disappoints Wall Street
- 8 years ago
Amazon's sales soared in the critical holiday quarter, but fell short of Wall Street expectations as a stronger dollar ate into foreign sales, leading the stock to a tumble in after-hours trading.
Even taking out the $7.8 billion in sales from Amazon Web Services, the company's fast-growing cloud-computing business, Amazon has surpassed French giant Carrefour, which last year ranked sixth in the National Retail Federation's list of top global retailers CEO Jeff Bezos acknowledged the milestone in a statement in Amazon's fourth-quarter earnings report Thursday, which disclosed the breakneck growth, but also fell short of analysts' profit and revenue expectations, leading to a drop in the stock.
Wal-Mart, the world's top retail dog, announced earlier this month it was closing 154 stores across the U.S.
Even taking out the $7.8 billion in sales from Amazon Web Services, the company's fast-growing cloud-computing business, Amazon has surpassed French giant Carrefour, which last year ranked sixth in the National Retail Federation's list of top global retailers CEO Jeff Bezos acknowledged the milestone in a statement in Amazon's fourth-quarter earnings report Thursday, which disclosed the breakneck growth, but also fell short of analysts' profit and revenue expectations, leading to a drop in the stock.
Wal-Mart, the world's top retail dog, announced earlier this month it was closing 154 stores across the U.S.