
Amazon.com Inc. (NASDAQ: AMZN) released fourth-quarter financial results after markets closed Tuesday. The e-commerce empire said that it had $14.09 in earnings per share (EPS) and $125.6 billion in revenue, compared with consensus estimates that called for $7.23 in EPS and $119.7 billion in revenue. In the same period of last year, Amazon reported $6.47 in EPS and $87.44 billion in revenue.
Amazon Web Services (AWS) revenues increased 28.0% to $12.74 billion, up from $9.95 billion in the same period of last year, with operating income of $3.56 billion.
In its other segments Amazon reported:
- North American net sales increased 40.4% to $75.35 billion, with an operating income of $2.95 billion.
- International sales increased 57.3% to $37.47 billion, with operating income of $3.56 billion.
As for guidance, the company expects to see net sales in the range of $100.0 billion to $106.0 billion, with operating income in the range of $3.0 billion to $6.5 billion in the first quarter. The consensus estimates call for $9.07 in EPS on $95.69 billion in revenue for the quarter.
On the books, cash and cash equivalents totaled $36.41 billion at the end of the quarter, versus $32.17 billion at the end of the same period last year. Operating cash flow increased 56% to $55.3 billion for the trailing twelve months versus $35.3 billion in the same period last year. At the same time, free cash flow increased to $29.5 billion, compared with $23.5 billion.
Shares of Amazon closed Tuesday at $3,380.00, in a 52-week range of $1,626.03 to $3,552.25. The consensus price target is $3,831.77. Following the announcement, the stock was relatively flat at $3,362.00 in the after-hours session.
This may seem unusual, but did you know some credit cards can actually help you get OUT of debt faster? It’s true. Every day thousands of Americans are waking up to the secret: using a ‘0% Intro APR‘ card.
Here’s how it works. You find a card that offers a 0% balance transfer feature (not all do, but theses ones are top picks from the editors at FinanceBuzz). Next, you transfer your current balance to this new card, securing ZERO interest payments for the intro term, then you use the savings to pay off debt faster. The math is straight forward, and can save you hundreds, thousands, even tens of thousands of dollars if used correctly. Find the right card for you by clicking here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.