Amazon erases losses after beating earnings expectations (AMZN)

• Shares of Amazon recouped Thursday’s 4% loss, surging 3% after-hours, after the company announced earnings that beat Wall street expectations.
• The e-commerce giant reported earnings of $3.75 per share on revenue of $60.5 billion. Analysts had expected $1.83 per share and $59.85 billion in revenue.
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• Since its last earnings report in October, Amazon has added more than 30% to its stock price, increasing its market value by $206 billion.
• Ahead of earnings, millennial investors on the trading apps Robinhood and Stockpile were far more bullish than their older peers. On StockTwits, where users discuss stocks to the tune of 200,000 messages per day, post volume for AMZN has more than doubled.
• Wall Street analysts, on the other hand, were markedly more bearish. The average price target for shares of Amazon is just $1,403, according to Bloomberg, 2% below where the stock was trading Thursday afternoon.
• You can find track Amazon's stock price in real-time here>>

SEE ALSO: Millennials are loading up on Amazon ahead of earnings

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Contributer : Tech Insider http://ift.tt/2E8SChO

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