5 Tech Titan Stocks You Must See After Earnings
Amazon.com Inc. (NASDAQ:AMZN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income decreased -45.2% to $97 million (21 cents per diluted share) in the quarter versus a net gain of $177 million in the year-earlier quarter. Revenue rose 22.02% to $21.27 billion from the year-earlier quarter.
Amazon.com Inc. reported adjusted net income of 21 cents per share. By that measure, the company missed the mean analyst estimate of $0.29. It missed the average revenue estimate of $22.26 billion.