Amazon (NASDAQ:AMZN) Stock Tumbles to Record Low as Operating Profit Misses Estimates – AMZN, NWSA, EBAY, PRSS

Amazon.com, Inc’s (NASDAQ:AMZN) stock plunged in over a year after estimating operating profit that failed to meet forecasts as the corporation invests in warehouses and digital content.

Shares of the world’s biggest online retailer tumbled 7.2% to settle at $254.81 in New York and marked the major drop since February 2012.

The Seattle, Washington based Amazon forecasted an operating loss of $340 million to a profit of $10 million, evaluated against analysts’ forecasts for a profit of $165.1 million.

Quarterly net income fell 37% to $82 million or 18 cents per share, from $130 million or 28 cents per share in previous year.

The company announced operating income in fiscal first-quarter was $181 million. Bloomberg data confirms analysts on average forecasted net income of $96.8 million.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. News Corp (NASDAQ:NWSA) fell -0.16% to settle at $31.15, eBay Inc (NASDAQ:EBAY) moved up +0.34% to end at $52.54 while CafePress Inc (NASDAQ:PRSS) plunged -2.99% to finish at $6.17 on Friday.

Amazon.com, Inc. (NASDAQ:AMZN) last session’s volume of 14.04 million shares was higher than its average volume of 2.90 million shares. The stock after opening at $269.97 hit high price of $272.02 and then closed at $254.81 by scoring -7.24%.

The liquidity measure in recent quarter results of the company was recorded 1.12 as current ratio and on the other side the debt to equity ratio was 0.38 and long-term debt to equity ratio remained at 0.38. The Company had total cash of $11.45 billion at hand and a book value per share as $18.04 in the most recent quarter.

The stock’s price volatility was 3.18% for a week and 2.43% for a month as well as price volatility’s Average True Range for 14 days was 7.30 and its beta remained at 0.83.

AMZN generated revenue of $61.09 billion in the previous twelve months and earned -$39.00 million. The Company showed a positive 0.19% in the net profit margin as well as in its operating margin which remained at 1.11%. Company’s annual sales growth for the past five years was +32.72%.

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