Quite a big miss afterhours for Amazon.com - EPS of 44 cents v 61 expectation.  This despite beating analysts expectations on the top line of $9.5B by nearly $400M.  When Amazon misses it is usually by a few cents, so this is an interesting report.  Could be some impact from Japan where just over a tenth of sales come from. The stock is all over the place in after hours.

We are back to a period where bad news does not matter much to the market (other than to the specific company reporting it) so we'll see if this is forgotten by tomorrow morning.

Full report here.