This Big Tech Stock Crushed Earnings -- Why It's Not Too Late to Buy
Amazon (NASDAQ: AMZN) reported first-quarter earnings last week, smashing Wall Street's expectations on both the top and bottom lines. Revenue jumped 44% to $108.5 billion, but the real showstopper was profitability: Amazon's net income more than tripled to $8.1 billion.
The company's blowout performance may have many investors wishing they owned shares (or more shares) of Amazon. After all, the stock is up 50% in the last year alone, and 400% in the last five years. But I don't think you've missed your chance. Here's why.
In the most recent quarter, revenue from Amazon's online stores and third-party sellers surged 44% and 64%, respectively. Its operating margin also expanded in the North America and international segments, driving a big uptick in profitability. These results highlight Amazon's many competitive advantages.
Source Fool.com
