Amazon Earnings – Miss on Revenue but Profits Double Expectations

Amazon Earnings – Miss on Revenue but Profits Double Expectations

6 years ago
Anonymous $RBasgWKaIV

https://wccftech.com/amazon-earnings-miss-on-revenue-but-profits-double-expectations/

Amazon (NASDAQ:AMZN) just posted its most profitable quarter ever thanks in large part to North American operating income and staggering growth for its cloud and ad businesses. The e-commerce giant posted profits that exceeded $12.5 billion for the quarter. Compare that to a year ago when the company made a profit of…. $197 million dollars. A modest 1,200% increase. Amazon was pleased to report earnings per share of $5.07, easily doubling analysts’ prediction of $2.50 EPS.

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