Amazon smashes 4Q earnings, but shares drop on weak guidance
Amazon.com Inc’s (NASDAQ:AMZN) fourth-quarter earnings smashed expectations on Thursday, reporting an earnings beat on both top and bottom lines.
Guidance, however, disappointed. Net sales are expected to be between $56 billion and $60 billion in the first quarter, or to grow between 10% and 18% compared with first quarter of 2018. The company said this anticipates an unfavorable impact of approximately 210 basis points from foreign exchange rates.
Wall Street analysts were forecasting $61 billion in first-quarter net sales.
The e-commerce giant saw its shares drop 2% late on Thursday, after rising 3% during the day.
The company reported 4Q earnings of $6.04 per share on revenue of $72.4 billion, beating street estimates of $5.67 per share on $71.61 billion in revenue.
The fourth-quarter is generally the largest for Amazon because it includes the holiday shopping season.
Amazon’s operating income is expected to be between $2.3 billion and $3.3 billion in the first quarter, compared with the year-ago period’s $1.9 billion.
Amazon shares are trading 18% below its August 2018 high of $2,050.
Contact Katie Lewis at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/213761/amazon-smashes-4q-earnings-but-shares-drop-on-weak-guidance-213761.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
| Online: | |
| Visits: | 1,608,451,224 |
| Stories: | 8,164,695 |
Whistler Blowers, Insiders
