It's a matter of faith. Investors are being asked to be patient.
These were pretty decent numbers overall. There was some concern over the sales numbers, but revenue also was strong for the quarter. There doesn't appear to be any letdowns here.
It's just a combination of a good solid quarter and some pretty solid guidance going forward.
We're encouraged by the company's results, particularly after reporting somewhat disappointing November sales.
The company is being ultra-competitive on prices and that's propelling sales.
Amazon has been consistently beating sales and earnings estimates and the stock should respond to overall macroeconomic trends.
Blue Nile has a great opportunity. It has created an attractive little niche in the jewelry industry and it should continue to grow so the valuation for the longer term is fairly attractive.
Investors perhaps were disappointed that profits didn't beat estimates, even by just a little bit. Actually, this is the first time after eight straight quarters that Amazon didn't beat expectations.
Amazon looked pretty strong on sales although gross margins and operating expense were somewhat lower than expected.
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