Amazon Rose Nearly 9% in Morning Trading Because of Strong Q4 Results
Tiger Newspress2022-02-04
Amazon rose nearly 9% in morning trading because of strong Q4 results.
Amazon reported Q4 net income late Thursday of $27.75 per diluted share, up from $14.09 per share a year earlier.
The company said the latest results include a pretax valuation gain of $11.8 billion included in non-operating income from its investment in Rivian Automotive, which went public in November.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.