Investing.com - Amazon.com (NASDAQ:AMZN) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Amazon.com announced earnings per share of $6.47 on revenue of $87.44B. Analysts polled by Investing.com anticipated EPS of $4.05 on revenue of $85.97B. That with comparison to EPS of $6.04 on revenue of $72.38B in the same period a year before.Amazon.com had reported EPS of $4.23 on revenue of $69.98B in the previous quarter.Analysts are expecting EPS of $6.22 and revenue of $71.65B in the upcoming quarter.
Amazon.com shares are up 1% from the beginning of the year and are trading at $2,040.73 , down-from-52-week-high.They are under-performing the Nasdaq which is up 2.87% year to date.
Amazon.com shares gained 9.10% in after-hours trade after the report.
Amazon.com follows other major Services sector earnings this month
Amazon.com's report follows an earnings beat by AT&T on Wednesday, who reported EPS of $0.89 on revenue of $46.82B, compared to forecasts EPS of $0.88 on revenue of $46.95B.
Verizon had missed expectations on Thursday with fourth quarter EPS of $1.13 on revenue of $34.78B, compared to forecast for EPS of $1.14 on revenue of $34.62B.
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