Should Amazon Get More Credit For Q1 Earnings?
Amazon reported first-quarter financial results after markets closed Thursday.
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Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction) reported first-quarter financial results after markets closed Thursday. The company posted $7.09 in earnings per share (EPS) on $59.7 billion in revenue, which compares with consensus estimates from Thomson Reuters that called for $4.72 in EPS on $59.65 billion in revenue. In the same period of last year, the company reported $3.27 in EPS on $51.04 billion in revenue.
During the most recent quarter, Amazon Web Services (AWS) revenues increased 41% to $7.70 billion, up from $5.44 billion in the same period last year, with operating income of $2.22 billion.
In terms of its other segments Amazon reported:
- North American net sales increased 16.6% to $35.81 billion, with operating income of $2.29 billion.
- International sales increased 8.9% to $16.19 billion, with an operating loss of $90 million.
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As for guidance, the company expects to see net sales in the range of $59.5 billion to $63.5 billion, with operating income of $2.6 billion to $3.6 billion in the second quarter. The consensus estimates call for $6.32 in EPS on $62.37 billion in revenue for the quarter.
Shares of Amazon closed Thursday at $1,902.25, with a consensus analyst price target of $2,080.14 and a 52-week range of $1,307.00 to $2,050.50. Following the announcement, the stock was relatively flat initially at $1,915.00 in the after-hours session.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
