Amazon.com Earnings miss, Revenue beats In Q1


© Reuters. Amazon.com Earnings miss, Revenue beats In Q1

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

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