Company News: Amazon (AMZN) quarterly earnings beat analysts’ estimate

Market news

1 February 2019

Company News: Amazon (AMZN) quarterly earnings beat analysts’ estimate

Amazon (AMZN) reported Q4 FY 2018 earnings of $6.04 per share (versus $2.19 in Q4 FY 2017), beating analysts’ consensus estimate of $5.51.

The company’s quarterly revenues amounted to $72.383 bln (+19.7% y/y), generally in line with analysts’ consensus estimate of $71.946 bln.

The company also issued downside guidance for Q1 FY 2019, projecting revenues of $56-60 bln (versus analysts’ consensus estimate of $61.04 bln) and operating income of $2.3-3.3 bln (versus analysts’ consensus estimate of $3.0 bln).

AMZN fell to $1,646.00 (-4.23%) in pre-market trading.

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