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WTF: Amazon Barely Ekes Out Profit On $21B In Sales, Hits Negative P/E, Misses Estimates, Guidance, Yet Stock Jumps 10%

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http://techcrunch.com – You really have to hand it to Jeff Bezos and Amazon, which seem to continuously defy reality — and gravity. Amazon just announced its fourth-quarter earnings, and if you listen to the press, you’d think it was another home run. And if you are watching Amazon trade after-hours, you’d think this is the most buyable stock since the last time MG wrote about AAPL. Amazon is up nearly 10 percent since the market closed and, as Reuters points out to wit, the stock hit a record high on January 25th. In part that’s because, yes, Amazon is the Walmart of the Internet, an the e-co (IT news)