News Formal

Amazon smashes earnings expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Amazon saw a huge EPS beat in its Q1 earnings, reporting $7.09 compared to the estimated $4.72.

Amazon reported first-quarter earnings on Thursday that reflected an on-going change at the company: less growth but fatter profit margins.

Amazon's advertising business, which is looped under the"other" category, significantly slowed down, seeing only 34% revenue growth to $2.7 billion, after growing at least 60% in the past five quarters. Investors, however, are seeing more profitability from Amazon in exchange. Net income hit a record $3.6 billion, and its operating profit of $4.4 billion represented a record 7.4% margin.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Like Amazon, these stocks have 100% buy ratings from analystsOnly one other S&P 500 stock has all ‘buy’ ratings from analysts, but a further search identifies dozens more. Don't buy individual stocks even with highest analyst buy ratings. Buy portfolios. Buy ETFs mirroring broad indices eg SPY, VT, ACWI. Analyst ratings subjective. Don't trust them! Trust God instead!
Source: MarketWatch - 🏆 3. / 97 Read more »