Amazon crushed its earnings

Julie Bort

Business Insider

28th April 2017

’’ ’Amazon announced its financial results on Thursday, and it blew by what Wall Street was looking for.’ ’The stock was up about 4% in trading following the report.’ ’Here were the key numbers:’ ”Analysts were also closely watching the performance of Amazon’s cloud computing unit, Amazon Web Services.

” ”AWS reported $3. 66 billion in revenue and 43% growth, which beat the analyst consensus of $3. 65 billion in revenue and 42% growth.

Last quarter, AWS didn’t grow quite as fast as people had expected.” ’Even though it beat predictions, AWS growth still slowed down. In the previous three quarters, AWS experienced 47% 55% and 58% growth.

’ ’Other key stats:’ ’Next quarter, Amazon expects sales of between $35. 25 billion and $37. 75 billion, or to grow by between 16% and 24% compared with Q2 2016.

’ ”This factors in $720 million of headwinds from rates, the company says. That’s right in line with what the Street is looking for, with analysts expecting $36. 84 billion.

” ”Here’s the .” ’Amazon announced its financial. .

.’ ’’ ’’ ’’.
 

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