Amazon.com Inc. doubled its profit in the first three months of 2019, according to a Thursday earnings report, sending shares less than 1% higher in the extended session.
Analysts on average projected Amazon would report earnings of $4.70 a share on sales of $59.68 billion, according to FactSet. Amazon had forecast revenue of $56 billion to $60 billion for the quarter, which disappointed investors at the time. The company forecast revenue of $59.5 billion to $63.5 billion for the second quarter, after producing revenue of $52.89 billion in that period a year ago. Analysts on average were projecting revenue of $62.39 billion.
AWS just reported the slowest growth in its history and this is what keeps amzn from filing chap 11. Their profit is non gaap garbage as they hide expenses off balance sheet. Retail sales stagnant, prime stagnant.Why pay 100x 4 slowing retailer