Amazon Reports Q4 Earning Today After the Bell!

All signs point to a fantastic fourth quarter for Amazon, but many investors are more concerned about the rest of 2008. With fears of a recession and what impact that might have on online retail, Amazon's guidance for Q1 and the rest of the year will go a long way to determine the direction of the share price.

Some key things to look for:

• Growth in 3P sales both in the US and Internationally
• Growth in Amazon Web Services
• Growth in Amazon Prime subscribers
• Will they announce anything that will tweak eBay management like 3p fee reductions or something similar. (Not that tweaking eBay management would be their motivation)

They will announce earnings after the bell today and hold a conference call at 2:00 PM PST