Amazon Blew Wall Street’s Expectations Out of…
New York (CNN Business) Amazon blew Wall Street‘s expectations out of the water when it reported earnings for the holiday quarter, sending the company’s stock up over 11% in after-hours trading Thursday.
The company posted profits of $3.3 billion — or $6.47 per share — compared to analysts’ expectations of $2 billion and $4.03 per share. Amazon’s (AMZN) revenue was shot up 21% to $87.4 billion for the three months ending in December 2019.
Source: CNN Business