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31/01/20

21:55

Post #: 42685013
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Originally posted by norto89: ↑

The US consumer is strong:

Amazon soars after huge earnings beat

Amazon reported fourth-quarter results on Thursday that smashed analysts’ expectations. The outperforming results pushed Amazon’s market cap above $1 trillion. Jeff BezosMatthew Staver | Bloomberg | Getty ImagesShares of Amazon climbed as much as 9.9% in after-hours trading on Thursday after smashing earnings expectations for the fourth quarter.The company’s market cap surged above $1 trillion on the back of the powerhouse earnings report. In doing so, it joins Apple, Alphabet and Microsoft, which have all crossed the trillion-dollar threshold. Here are the key numbers:Earnings per share: $6.47 per share vs. expectations of $4.03 per share, according to analysts surveyed by RefinitivRevenue: $87.44 billion vs. expectations of $86.02 billion, per RefinitivAmazon Web Services: $9.95 billion vs. expectations of $9.81 billion, according to FactSetThe company also gave upbeat guidance for the current quarter, saying it now expects to report revenue between $69 billion and $73 billion. In the earnings release, Amazon CEO Jeff Bezos said “more people joined Prime this quarter than ever before” and that the company now counts more than 150 million paid Prime members around the world.

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I will be interested to see the Z1P results next month if Amazon have done so well.

APT Price at posting: $38.55 Sentiment: Buy Disclosure: Held
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0 Great analysis

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