6:43 am Amazon shares soar 11% following beat on earnings
Amazon.com (AMZN 345.50 +33.72 ) shares are trading higher by 10.5% after the company reported fourth quarter earnings of $0.45 which is higher than expected, while revenues rose 14.6% YoY to $29.33 billion which is in line with estimates and guidance.
Q4 operating income $591 million versus ($570)-430 mln guidance. The company issued downside guidance for the first quarter with revenues of $20.9-22.9 billion which is below estimates. Operating income (loss) is expected to be between $(450) million and $50 mln vs …More