3 Key Takeaways From Amazon.com's Blowout Quarter
E-commerce juggernaut Amazon.com, Inc. (NASDAQ: AMZN) reported financial results that exceeded even its own lofty expectations, and the stock is soaring as a result.
Amazon reported net sales of $43.7 billion, up 34% over the prior-year quarter, and beating the high end of its estimates. Excluding the $1.3 billion contributed by Whole Foods and the favorable impact of foreign currency fluctuations, net sales increased by 29%, still exceeding the high end of its forecast.
The bigger revelation was operating income. Amazon had forecast results in a range from a $400 million loss to a $300 million profit, but it produced an operating profit of $347 million, which surprised investors.
Source: Fool.com
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