Investors weren't satisfied with the online retailer's strong fourth-quarter results. What will it take to please Wall Street?There was little Amazon (AMZN) could say on Jan. 30 to allay investors' concerns about the economic slowdown and its possible impact on the company's results in 2008.
It certainly wasn't enough that the online retailer posted fourth-quarter results that exceeded analysts' expectations. Profit more than doubled, to $207 million, as sales rose 42%, to $5.67 billion, beating the consensus Wall Street forecast by $300 million. Full-year profit surged 150%, to $476 million, on $14.84 billion in sales.
Nor did it help that Amazon expects sales of $18.75 billion to $19.75 billion in 2008, better than the $18.25 billion average estimate of analysts.
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