Amazon and GE earnings

By October 27, 2017 Blog

    For the third quarter of 2017 GE net income after tax was 1,836 million.  The quarter was universally assailed as a disaster for the company and the stock dropped sharply.  Amazon’s net income for the third quarter as 197 million.  On the announcement of that number the stock jumped more than 130 dollars.  If you ever needed evidence on the importance of expectations and the fact that investors take account of the long-term you need look no further.

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