Company News: Amazon (AMZN) beats on EPS, misses on revenues

Market news

3 February 2017

Company News: Amazon (AMZN) beats on EPS, misses on revenues

Amazon reported Q4 FY 2016 earnings of $1.54 per share (versus $1.00 in Q4 FY 2015), beating analysts' consensus estimate of $1.42.

The company's quarterly revenues amounted to $43.741 bln (+22.4% y/y), missing analysts' consensus estimate of $44.690 bln.

The company also issued downside guidance for Q1 FY 2017, projecting revenues of $33.25-35.75 bln (+14%-23% y/y) versus analysts' consensus estimate of $36 bln.

AMZN fell to $806.65 (-3.96%) in pre-market trading.

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