(Reuters) - Shares of Amazon.com Inc rose 16 percent in premarket trading on Friday, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
Shares of Amazon.com Inc rose 16 percent in premarket trading on Friday, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
Tesco has hired one of Facebook’s most senior European executives and is launching a slew of online entertainment stores as it gears up for battle with Amazon.
By Justin Weinstein:Amazon (AMZN), the internet's largest ecommerce retailer, reported fourth quarter earnings of $177 million or $.38 per share after the close today. This was more than double the expected earnings that Thomas Reuters had set at $.17. Although earnings surpassed the Street's expectations, revenue missed by roughly $1 billion, coming in at $17.4 billion.