Amazon Shares Rising as Earnings Announcement Nears
Amazon will announce its first quarter earnings at the market close today. The stock started the day trading at $193.41 and is trading at $196.14 as of 2:35 PM Eastern time today.
Wall Street punished Amazon after its fourth-quarter 2011 earnings announcement, where it recorded record revenue but slim profits.
Stay tuned to Digital Book World for news on Amazon’s first-quarter earnings.