The stock price of retail and tech giant Amazon dropped in late trading on Feb. 2 after the company posted a mixed bag of results for the fourth quarter, reporting its first unprofitable holiday period since 2014.
The Jeff Bezos-headed company on Thursday reported a net income of $278 million for the quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in the fourth quarter of 2021.
