An Upside Surprise From

Posted by: Rob Hof on October 24, 2006

After shocking investors in the second quarter with disappointing earnings, turned the tables today with a surprisingly positive third quarter. Clearly, it’s still spending a lot on new technologies and on free shipping, and it’s unclear when those will pay off. But investors seem pleased that Amazon generally upped its forward guidance, if only a tad. The stock’s up 14% after-hours.

Here’s my take on the quarter.

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