Investing.com – Amazon.com (NASDAQ:) reported on Thursday first quarter that missed analysts’ forecasts and revenue that topped expectations.
Amazon.com announced earnings per share of $5.01 on revenue of $75.45B. Analysts polled by Investing.com anticipated EPS of $6.34 on revenue of $72.9B. That with comparison to EPS of $7.09 on revenue of $59.7B in the same period a year before.Amazon.com had reported EPS of $6.47 on revenue of $87.44B in the previous quarter.Analysts are expecting EPS of $5.96 and revenue of $76.57B in the upcoming quarter.
Amazon.com shares are up 33% from the beginning of the year and are trading at $2,410.00 , is-new-52-week-high.They are outperforming the which is up 2.25% year to date.
Amazon.com shares lost 2.49% in after-hours trade the report.
Amazon.com follows other major Services sector earnings this month
Amazon.com’s report follows an earnings beat by Verizon on April 24, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on April 22 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.