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Amazon’s Q4 Beats Estimates, But Q1 Guidance Disappoints Investors

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

While Amazon.com Inc. bested Wall Street’s projections for the fourth quarter, the company’s first-quarter guidance didn’t mesh with Wall Street’s expectations and investors showed their displeasure. For the three months ended Dec. 31, the company said net income jumped 63.1 percent to $3.03 billion, or $6.04 a diluted share, from $1.86 billion, or $3.75, a…

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