2 Key Things From Amazon's Earnings Call Investors Should Know
Amazon.com (NASDAQ: AMZN) stock surged 13.5% on Friday, following the e-commerce giant's release of its fourth-quarter and full-year 2021 results on the prior afternoon.
Investors were no doubt pleased that the quarter's operating income came in "higher than the company's guidance, along with earnings that crushed the Wall Street consensus estimate," as I wrote in my earnings article.
In the quarter, Amazon's revenue grew 9% year over year to $137.4 billion. That result was in line with Wall Street's expectation and near the high end of the company's guidance range. Net income soared 99% to $14.3 billion, or $27.75 per share, sailing by the $3.58 per share consensus estimate. However, that big beat was due to a pre-tax gain of $11.8 billion from the company's stock investment in electric-vehicle maker Rivian Automotive, which held its initial public offering (IPO) in November 2021.
Source Fool.com
