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

Market news

30 April 2021

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

Amazon (AMZN) reported Q1 FY 2021 earnings of $15.79 per share (versus $5.01 per share in Q1 FY 2020), beating analysts’ consensus estimate of $9.55 per share.

The company’s quarterly revenues amounted to $108.518 bln (+43.8% y/y), beating analysts’ consensus estimate of $104.592 bln.

The company also issued upside guidance for Q2 FY 2021, projecting revenues of $110-116 bln versus analysts’ consensus estimate of $107.58 bln.

AMZN rose to $3546.30 (+2.16%) in pre-market trading.

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