Company News: Amazon (AMZN) posts mixed quarterly results

Market news

1 May 2020

Company News: Amazon (AMZN) posts mixed quarterly results

Amazon (AMZN) reported Q1 FY 2020 earnings of $5.01 per share (versus $7.09 per share in Q1 FY 2019), missing analysts' consensus estimate of $6.23 per share.

The company's quarterly revenues amounted to $75.452 bln (+26.4% y/y), beating analysts' consensus estimate of $74.145 bln.

The company also issued an in-line Q2 FY 2020 revenue guidance of $75.00-81.00 bln versus analysts' consensus estimate of $78.86 bln; guided Q2 FY 2020 operating income of $(1.5)-1.5 bln versus analysts' consensus estimate of $3.73 bln.

AMZN fell to $2,335.50 (-5.60%) in pre-market trading.

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