Amazon (AMZN) got here out with quarterly earnings of $4.23 per share, lacking the Zacks Consensus
Amazon (AMZN) got here out with quarterly earnings of $4.23 per share, lacking the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $5.75 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -5.16%. 1 / 4 in the past, it was anticipated that this on-line retailer would put up earnings of $5.29 per share when it really produced earnings of $5.22, delivering a shock of -1.32%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Amazon, which belongs to the Zacks Web – Commerce business, posted revenues of $69.98 billion for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 1.90%. This compares to year-ago revenues of $56.58 billion. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers…