February 6, 2017

Last week Amazon (NASDAQ: AMZN) posted its fourth quarter financials for 2016. Financial highlights included net sales of $43.7 billion, a 22 percent increase year-over-year; operating income of $1.3 billion, a 13 percent increase year-over-year; and net income of $749 million, or $1.54 per diluted share, compared to $482 million, or $1.00 per diluted share, for the same period last year.Despite the positive Q4 financials, Amazon stock dipped on Friday, the day after the earnings report was posted.