2 Key Things From Amazon's Earnings Call Investors Should Know
Amazon.com (NASDAQ: AMZN) released powerful fourth-quarter 2020 results last Tuesday, Feb. 2. The e-commerce behemoth's revenue jumped 44% year over year to $125.6 billion -- nearly $6 billion more than Wall Street had expected. Adjusted earnings per share (EPS) skyrocketed 118% to $14.09, crushing the $7.19 consensus estimate.
Shares pulled back 2% the day after the results were released. We can attribute the market's slightly negative reaction in part to first-quarter 2021 operating income guidance coming in lower than analysts had been projecting. Another factor was probably investor concern over the news that founder Jeff Bezos plans to step down as CEO in the third quarter of this year.
Earnings releases tell only part of the story. Here are two key things management shared on the Q4 call that you should know.
Source Fool.com
