April 26 - As online retail giant Amazon smashes earnings estimates, StarMine sticks to its guns and says the stock is way too overvalued by $190 based on its extended trade price.
Amazon smash his earnings expectation and Wall Street gives a big thumbs up shares rising and it 220 dollars in after hours trade that's. Up over 10%. Thomson Reuters answer on Mars has been dissecting these numbers that drugs don't want is calling for a big beat it looks like Amazon delivered -- On the strength came from North American side can -- sells. However those profits would have been much stronger had not been. Affected by unfavorable exchange rate which is a -- we're seeing this earning season -- -- investors are looking ahead to the next quarter and -- saying it earned revenues somewhere between. Twelve going to just a little over thirteen billion dollars but it'll be well under or just slightly above what it earned in the first quarter. So should investors be so -- Yes it's. Amazon passes that has a very good cut consumer loyalty base especially when it comes electronics. Analysts do believe we're -- earnings growth in the second half of the year. When consumers -- -- upgrade to windows eight however as an ambassador I would keep a close. I consumer. Expenditures capital expenditures especially at the company expands its warehouse last year during he says that the -- might -- Amazon buy -- or over down by 130 dollars. Is still looking mine is sticking to their guns according to intrinsic value mine Amazon has a score of one which means the stock is extremely overvalued. Which means that the market has high expectations. And a fair valuation Clausen. -- polished when he's yet. Excellent here. I think it's Johnson Reuters analyst -- Marcus I'm Fred Katayama and this is really.