Amazon's Earnings Demolish Expectations: 5 Metrics You Should See
Amazon (NASDAQ: AMZN) reported powerful fourth-quarter results after the market close on Tuesday.
Shares were little changed during Tuesday's after-hours trading session. We can probably attribute the market's initial less-than-enthusiastic response to two factors. The first is the news that founder Jeff Bezos will transition to the role of executive chair in the third quarter, with Andy Jassy, the head of Amazon Web Services (AWS), becoming CEO. Second, first-quarter 2021 operating income guidance came in lower than many investors were probably expecting based on Wall Street's consensus earnings estimate.
The fourth-quarter results were stellar, however, and left analysts' expectations in the dust. Management's revenue guidance for the first quarter of 2021 also easily topped the Street's forecast.
Source Fool.com
