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- Company News: Amazon (AMZN) quarterly results solidly beat analysts’ estimates
Company News: Amazon (AMZN) quarterly results solidly beat analysts’ estimates
Amazon (AMZN) reported Q4 FY 2020 earnings of $14.09 per share (versus $6.47 per share in Q4 FY 2019), beating analysts’ consensus estimate of $7.15 per share.
The company’s quarterly revenues amounted to $125.555 bln (+43.6% y/y), beating analysts’ consensus estimate of $119.729 bln.
The company issued upside guidance for Q1 FY2021, projecting revenues of $100-106 bln versus analysts’ consensus estimate of $95.5 bln. It also guided to Q1 FY 2021 operating income of $3.0-6.5 bln versus analysts’ consensus estimate of $5.68 bln.
It was also announced that Jeff Bezos would transition to the role of Executive Chair in Q3 FY 2021 and Andy Jassy would become CEO at that time.
AMZN rose to $3395.05 (+0.45%) in pre-market trading.
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