Amazon (AMZN) rallied into the close. Shares closed up over 2.7% at $38.70.
And, then the big online retailer beat. Revenue hit $3.99 billion compared to estimates of $3.78 billion. EPS hit $.23 compared to $.21 estimated by Reuters. Lazard was looking for even less, $3.75 billion.
AMZN said its next quarter should hit $2.85 billion to $3 billion compared to estimates of $2.77 billion. The company also guided higher than the consensus for its full year revenue.
According to the company International segment sales, representing the Company’s U.K., German, Japanese, French and Chinese sites, were $1.78 billion, up 37% from fourth quarter 2005. And Worldwide Electronics & Other General Merchandise grew 55% to $1.40 billion in fourth quarter 2006.
The market went insane over the numbers. With the company saying it is still growing over 25% a year, the stock rocketed over 5% at 4.10 PM eastern to $40.70.
What a tour de force.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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