Let's Not Go Crazy About Amazon's Earnings

NEW YORK (TheStreet) -- Any way you look at Amazon's (AMZN) earnings, reported Thursday, they were good. But there are still two ways to look at them.

Investor's Business Daily went the common and incomplete route. In both their headline and lead, they said that Amazon "crushed" expectations.

We soon got this: "For the quarter, Amazon said it earned 28 cents a share minus items, down 43% from 44 cents in the year-earlier period but 21 cents higher than the average estimate of 41 analysts polled by Thomson Reuters."

We soon got this: "For the quarter, Amazon said it earned 28 cents a share minus items, down 43% from 44 cents in the year-earlier period but 21 cents higher than the average estimate of 41 analysts polled by Thomson Reuters."