Impressively, Amazon exceeded estimates on both revenue and earnings per share for the December quarter. Though the US experienced a deceleration, it was more than offset by stronger international sales growth. Unit growth showed no deceleration. Though gross margins were a little light, this was more than offset by increased fulfillment efficiencies.
Amazon has a press conference scheduled for February 9th at the New York Public Library where they are expected to unveil the redesigned Kindle 2.0.
The Skew: I’m surprised they didn’t see more of a slowdown. It’s still the most expensive stock retail stock in the world. Can’t tell you to buy it.