Amazon tops Wall Street’s holiday expectations, but offers weak sales guidance (AMZN)
|01/31/2019||Posted by BusinessMediaguide.Com under General World News||
Amazon’s holiday results topped even Wall Street’s heady expectations but the Seattle company warned that it might not do the same in the first quarter.
The company beat analysts’ earnings and revenue forecasts. Wall Street was estimating that the tech giant’s sales increased nearly 20% and its earnings per share (EPS) jumped nearly 50% in the fourth quarter.
But the e-commerce giant said that its first-quarter sales will fall shy of analysts’ forecasts.
Investors seemed to take the report in stride. In recent after-hours trading following the report, the company’s shares were off $3.97, or less than 1%, to $1,715.00
Here’s what Amazon reported read more >>>