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David Sims is the managing member of RidgeHaven Capital LLC. We prefer distressed equities and value investing. The firm was established to manage wealth with an eye on fundamental value, but also an understanding of technical trends and market behavior. David is a Certified Public Accountant... More
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  • Amazon Beats Expectations, Shares Rise 0 comments
    Apr 24, 2014 5:18 PM | about stocks: AMZN

    Amazon.com (NASDAQ:AMZN) reported their quarterly earnings this afternoon and shares rose in after-hours trading. Amazon earned 23 cents for the quarter, but reported sales of $19.7 billion, which beat expectations of $19.4 billion. Despite the lack of a huge profit, the sales gains versus the prior year drove the stock price higher after-hours, rising more than 1%.

    Amazon trades with a price to sales ratio of 2.0.

    (click to enlarge)

    AMZN data by YCharts

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AMZN
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