Amazon shares pop as company beats revenue, profit forecast

Shares of online retailer Inc. shot up in after-hours trading as the company blew past Wall Street expectations for first-quarter revenue and earnings.

Amazon reported Thursday that it made a profit of $1.07 US per share, topped the average analyst forecast of 61 cents, according to Zacks Investment Research.

The company reported revenue of $29.13 billion, ahead of the $27.94 average analyst forecast.

Investors responded by sending Amazon shares up more than 12 per cent to reach $676.80 US. During the regular trading session prior to the release of the earnings report, Amazon was down $4.57 at $602.

The company said it expects its revenue for the third quarter will come in between $28 billion and $30.5 billion. Zacks said analysts had forecast revenue of $28.14 billion.

Let's block ads! (Why?)

Share on Google Plus

About Quang

My blog is the place to update the latest information on sports, science and technology ... If you found this article good, useful please the share for others to see, even if you want to design a ecommerce website or web edit or set a special plugin functionality, please contact us now (Information in the footer)
    Blogger Comment
    Facebook Comment

0 nhận xét:

Đăng nhận xét