Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter

Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter

6 years ago
Anonymous $v9r5mEH86V

https://techcrunch.com/2018/02/01/amazon-blows-past-wall-street-expectations-for-holiday-quarter/

Amazon reported quarterly financials after the bell Thursday for its fourth quarter, the all-important holiday season for the e-commerce giant. And its numbers had some people doing a double take, after earnings per share came in at $3.75, more than double the $1.85 that analysts surveyed by Yahoo Finance were estimating. 

Net income was $1.9 billion for the quarter. For the full 2017 year, it was $3 billion. This was partly due to a tax cut that benefited Amazon to the tune of $789 million.