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Friday, January 30, 2009

Amazon 4Q:2008 results

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.

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