Amazon Stock Rises After Q4 Results Rise; CEO Sees More Developers Working With Alexa
Amazon customers bought “tens of millions” Fire TV Sticks and Echo Dots, said Thursday's Q4 earnings release. Sales jumped 38 percent to $60.5 billion, with net income of $1.9 billion vs. $749 million. The company exceeded “very optimistic” projections and…
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“expect us to double down,” said CEO Jeff Bezos. He said it's “an important point” that other companies and developers are “accelerating adoption of Alexa.” The company is seeing strong response to its new far-field voice kit for manufacturers, he said. Shares Friday closed up 3 percent to $1,429.95.