Amazon Beats on Revenue but Misses on Earnings-Live Blog
Expectations were running high for Amazon AMZN in the wake of the coronavirus lockdowns boosting e-commerce sales, and the tech giant apparently didn’t do as much to meet or exceed them as investors hoped.
Revenue of $75.45 billion beat a $73.69 billion consensus. However, GAAP EPS of $5.01 missed a $6.23 consensus. Shares were down about 4.6% in after hours trading on Thursday.
TheStreet and RealMoney tech columnist Eric Jhonsa is analyzing the company's earnings report due out after the close, and its call with analysts that's scheduled to begin at 5:30 p.m. ET.