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Amazon: A Good Quarter but Some Concerns
Here's our initial take on Amazon's (NASDAQ: AMZN) financial report.Amazon's stock fell after its last earnings report, and the primary reason was weak guidance for the first quarter. At the time, Amazon was calling for revenue of about $153 billion at the midpoint of its range.Since then, analyst expectations have increased to about $155.1 billion, and the company beat that figure, reporting 9% year-over-year revenue growth to $155.7 billion. On the bottom line, Amazon's $1.59-per-share figure handily beat the consensus.Continue reading
Here's our initial take on Amazon's (NASDAQ: AMZN) financial report.
Amazon's stock fell after its last earnings report, and the primary reason was weak guidance for the first quarter. At the time, Amazon was calling for revenue of about $153 billion at the midpoint of its range.
Since then, analyst expectations have increased to about $155.1 billion, and the company beat that figure, reporting 9% year-over-year revenue growth to $155.7 billion. On the bottom line, Amazon's $1.59-per-share figure handily beat the consensus.
