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Amazon Beats Earnings Estimates With Assistance From a “Record-breaking” Holiday Shopping Season

By John F. Heerdink, Jr.
Amazon (AMZN) reported its Q4 2019 earnings on Thursday last week, exceeding market estimates and pushing its stock up by 8% after the release. Revenue of $87.4 billion was reported versus $86.17 billion expected and EPS of $6.47 versus $4.11 expected, as compiled by  Bloomberg. The online giant reported a “record-breaking” holiday shopping season with sales soaring to 21% in comparison to Q4 2018 along with Amazon’s Amazon Web services with sales up 34% year-over-year. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners! jan3(9)
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(Read Original Story: Amazon earnings beat expectations, shares surge in Yahoo Finance)


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