Amazon Q4 Earnings: 3 Trends to Watch
Amazon (NASDAQ: AMZN) stock outperformed a rallying market in 2020 as the business benefited from huge changes in spending habits by consumers and tech companies. But that surging stock price sets a high bar for its upcoming fourth-quarter earnings report that covers the critical holiday shopping season.
With that backdrop in mind, let's take a closer look at what investors can expect to hear from the tech giant on Tuesday, Feb. 2. Here are three trends to pay attention to when the report is released.
All signs are pointing to a blockbuster sales result given the intense focus on e-commerce over the holidays. Amazon added a whopping $35 billion, or 32%, to its annual product sales base through the first three quarters of the year. The services segment experienced an even higher percentage increase thanks to booming demand for its hosting platform.
Source Fool.com
