Company News: Amazon (AMZN) quarterly results solidly beat analysts’ expectations

Market news

31 January 2020

Company News: Amazon (AMZN) quarterly results solidly beat analysts’ expectations

Amazon (AMZN) reported Q4 FY 2019 earnings of $6.47 per share (versus $6.04 per share in Q4 FY 2018), beating analysts' consensus estimate of $3.98 per share.

The company's quarterly revenues amounted to $87.437 bln (+20.8% y/y), beating analysts' consensus estimate of $86.086 bln.

The company also issued in-line guidance for Q1 FY 2020, projecting revenues of $69-73 bln versus analysts' consensus estimate of $71.59 bln.

AMZN rose to $2,030.00 (+8.52%) in pre-market trading.

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