Friday, January 31, 2020

Amazon crushes earnings in Q4

Chain Store Age
Amazon had a blowout fourth quarter, with earnings that far exceeded Wall Street's expectations as well as its own.

Net sales increased 21% to $87.4 billion, topping Street estimates of $86.02 billion. Net product sales totaled $50.54 billion; net service sales totaled $36.89 billion. (Amazon is now the third-largest company in the S&P 500 by annual revenue.). . . more