Best Tech News Site: Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter

Thursday, February 1, 2018

Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter

Amazon reported quarterly financials after the bell Thursday for its fourth quarter, the all-important holiday season for the e-commerce giant. And its numbers had some people doing a double take, after earnings per share came in at $3.75, more than double the $1.85 that analysts surveyed by Yahoo Finance were estimating. Net income was $1.9 billion for the quarter. For the full 2017 year,… Read More