Inside AMZN’s Results
The company reported net income of $214 million, or 45 cents per share, down from $239 million, or 51 cents per share, last year. On average, analysts expected to see EPS of 17 cents.
Sales rose 15% to $29.33 billion from $25.59 billion a year ago. Analysts expected to see revenue of $29.67 billion.
Looking ahead to the first quarter, Amazon said that it expects revenue to be between $20.9 billion and $22.9 billion. Analysts expect to see $23.05 billion in revenue.
Continued Volatility in the Future
Although the company posted a positive quarter, investors interested in Amazon need to be prepared for extreme moves in future earnings reports. Investors should also realize that Amazon will be diving into new areas of business, which could result in quarterly losses.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.35%|
|PRGFX||T. Rowe Price Growth Stock||1.11%|
The Bottom Line
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