Thursday, May 30, 2013

Earnings Review: Looking For Positives In Amazon, eBay And Groupon

From Seeking Alpha

The e-commerce behemoth Amazon (NASDAQ:AMZN) has recently reported its earnings in which it missed the revenues estimates but easily beat the earnings expectations, which were already very low. Its rival eBay (NASDAQ: EBAY) also reported its quarterly results in which it also missed the top line estimates. Both of the companies are facing difficulties in the international operations. Ebay has been doing a major overhaul of its seller fees to become more competitive. Meanwhile, the value of Amazon's stake in LivingSocial continues to fall while its rival Groupon (NASDAQ:GRPN) has added billions to its market cap. Both Amazon and Groupon are ... read more