Amazon.com Inc. recently reported a significant increase in its fourth quarter profits compared to the same period last year, exceeding Wall Street's predictions. The company's earnings were at $10.62 billion, or $1.00 per share, outpacing the $278 million or $0.03 per share from last year's fourth quarter.
According to data gathered by Thomson Reuters, the average analyst expectation was for the company to earn $0.80 per share. These forecasts generally disregard any extraordinary items.
Revenue for the fourth quarter also saw a significant upturn, rising 13.9% to $169.96 billion from $149.20 billion in the same period last year.
Here's a snapshot of Amazon.com Inc.'s earnings, according to GAAP standards:
- Fourth quarter earnings: $10.62 billion, a substantial increase from $278 million in the previous year.
- Fourth quarter earnings per share: $1.00, compared to $0.03 of the previous year.
- Analysts' Estimate: $0.80.
- Fourth quarter revenue: A leap from $149.20 billion last year to $169.96 billion this year.
For the following quarter, Amazon.com Inc. is predicting revenues to be in the range of $138.0 billion to $143.5 billion.
