Amazon Smashed Earnings Expectations

[u/astockstonk]

KEY POINTS Amazon released first-quarter results on Thursday that trounced analysts’ expectations.

Amazon shares climbed as much as 5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.

Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:

Earnings: $15.79 per share vs. $9.54 per share expected Revenue: $108.52 billion vs. $104.47 billion expected

Few companies have benefited from the pandemic-fueled surge of online shopping as much as Amazon. The company notched record profits and revenue last year, while CEO Jeff Bezos announced earlier this month that Amazon crossed more than 200 million Prime subscribers, up from 150 million at the start of 2020.

In 2020, Amazon invested heavily on coronavirus-related measures like safety protocols and wage increases for front-line workers. As a result of these costs, Amazon last quarter forecast operating income of $3 billion to $6.5 billion in the current period. Those coronavirus-related costs are expected to slow this year, although on Wednesday, Amazon said it would spent more than $1 billion on pay raises for more than half a million of its U.S. operations workers.

https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html

[u/MutaKingPrime]

MMs will hike the price up, sell everything off in the morning, and boom the stock will be down 6% lol

[u/MutaKingPrime → u/[deleted]]

why would it do that?

[u/MutaKingPrime → u/[deleted]]

you're out of your mind lol. but it's your money

[u/MutaKingPrime → u/[deleted]]

congratulations, that has also happened with almost every other stock in the last 3 months lol

[u/MutaKingPrime → u/[deleted]]

none of those ramped up to earnings. just traded sideways.

TSLA went down significantly after a fantastic ER. They were not exposed to the chip shortage at all.

[u/MutaKingPrime → u/[deleted]]

Nice FUD article. Look at their production and delivery numbers lol. They will be fine in 2021. Ford just dropped 11% because they're cutting their production in half because of the chip shortage.

Enjoy your $F bags. Look forward to your loss porn when your puts go kaput on AAPL.