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Amazon News Analysis and Earnings

4-29-201 – Amazon reported 1Q earnings beating the analyst’s expectations both in top and bottom line. Amazon reported earnings: of  $15.79 /share well above Wall Street expectations of $9.54/share. The revenue came up to $108.52 billion topping the expectations of $104.47 billion.

Net sales for AMZN rose to $108.52 billion in 1Q from $75.45 billion, above the analysts’ expectations of $104.47 billion.

Amazon stock is trading 3.85% higher at $3605 in the post market trading.

Amazon Guidance

The company now expects operating income for the current quarter to be between $4.5 billion and $8 billion, which implies almost $1.5 billion of costs related to coronavirus.

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