Amazon reported fourth-quarter earnings of $6.04 a share on revenue of $72.4 billion on Thursday afternoon vs analysts expectation of $5.65 a share on revenue of $71.88 billion.
However, the stock sold off on Friday because Amazon guidance for the next quarter of $56 billion to $60 billion vs analysts expectations of $60.83.
The lower guidance was due to increase in spending for 2019 like $5 billion for HQ2 , slowing growth in the US / oversees and challenges in India.
But one must read between the lines:
3rd record breaking quarter of profits with $3 billion of profits for the quarter.
Hiring 5,000
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