Radar Movers: Amazon and Chesapeake Surge, Broadcom’s Outlook Disappoints

Shares of Amazon.com (NASDAQ:AMZN) jumped more than 8 percent after announcing quarterly results. Net income fell 45.2 percent to $97 million (21 cents per share), compared to $177 million a year earlier. However, revenue increased 22 percent to $21.27 billion. “We’re now seeing the transition we’ve been expecting,” said Jeff Bezos, founder and CEO of Amazon.com…

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…After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70 percent last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5 percent. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.”

AMZN