NEW YORK (TheStreet) -- (AMZN) - Get Report stock is down 8.88% to $578.91 this morning as Wall Street worries that the e-commerce giant's costs are too high. 

Although posted record profits after yesterday's market close, earnings and revenue missed analysts' estimates as the company continues to invest heavily in its business. Operating costs rose 21% to $34.6 billion for the quarter.

"Amazon can decide how much money they make," TheStreet's Jim Cramer argued on CNBC's Squawk on the Street this morning.

He thought that reported a solid quarter.

The company emphasized its original content and movies on the conference call, Cramer noted. Also,'s Dash buttons eliminate the need to visit stores by enabling customers to order household products with the press of a button, Cramer mentioned. 

However, he's not urging investors to immediately go out and buy shares. 

Rather, investors should understand that the stock had a 100 point swing yesterday, but analysts have nonetheless reiterated "buy" ratings because they understand's larger aim of world domination, Cramer pointed out.

"There are periods of world domination where stocks pull back," Cramer said. "World domination costs a lot of money. It takes a toll."

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Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.'s strengths such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures are countered by the company's disappointing return on equity.

You can view the full analysis from the report here: AMZN

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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