Goldman Sees Upside in First Quarter Guidance from Amazon

Amazon earned 45 cents a share in the fourth quarter, blowing away estimates. But revenue was slightly below wall street expectations. The currency issue has hurt several multinationals this week we learned, and amazon was no different. Looking ahead, Amazon issued a disappointing outlook for the first quarter. Analysts at Goldman say the e-tail giant's guidance for the first quarter suggests that revenue is on the upward trend, and it expects full year top line numbers to check in at 2.4 billion and maintains its CL-Buy rating on the stock. Keep in mind, Amazon invested quite a bit in its prime service in the last year, and as a result paid membership jumped 53% worldwide.