Amazon.com, Inc. (NASDAQ: AMZN)
As expected Amazon.com just reported its earnings in after-hours trading. Although the company beat expectations with regard to both revenue and earnings, the stock is falling in after-hours. Below, we’ll talk about what we saw from the earnings report, what we’re seeing from AMZN, and what we’ll be watching for ahead.
What We Saw From The AMZN Earnings Report
As mentioned above, Amazon.com reported its earnings for the fourth quarter minutes ago, as expected. The company beat earnings but missed revenue. Here’s what we saw from the report:
- Top-line Revenue – In terms of revenue, AMZN generated a total of $43.74 billion in the fourth quarter. During the quarter, analysts expected that the company would produce revenue in the amount of $44.7 billion.
- Earnings – When it comes to earnings per share, the figure proved to be a positive. During the quarter, analysts expected that AMZN would generate earnings in the amount of $1.37 per share. However, the company actually generated earnings in the amount of $1.54 per share, beating analyst expectations.
How The Stock Reacted To The Report
As investors, we know that earnings reports can cause quite a bit of movement in the market. This report was no different. As a result of the missed revenue, the stock is trading down in after-hours. Currently (4:11), AMZN is trading at $810.00 per share after a loss of $29.95 per share (3.57%) thus far in after-hours.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on AMZN. In particular, we’ll be digging further into the report, following the company’s work to move into the international space, tracking AWS, and more. We’ll be watching the news closely and bringing it to you as it breaks!
Update – Guidance for Q1 revenue was reduced from $35.95 billion to between $33.25 and $35.75 billion.
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