Amazon Tops Street Estimates for Q4, Plans Buyback; Stock Rises
Even with estimates rising headed into the announcement, Amazon.com (AMZN) still posted better-than-expected Q4 results, and the stock is moving higher in late trading.
The online retailer reported revenue of $9.52 billion, up 42 percent from a year ago, and ahead of the Street at $9.04 billion. EPS of 85 cents a share was well ahead of the Street at 72 cents. Gross margin was 20.76 percent, up from 20.1 percent a year ago. Operating margin jumped to 5 percent, from 4 percent a year ago. Operating income was $476 million, up 75 percent year-over-year.