Amazon (AMZN) handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and pushing shares above $2,000 apiece. The company’s market capitalization jumped back above $1 trillion, joining the likes of Apple, Microsoft and Google-parent Alphabet. Amazon’s fourth-quarter earnings per share totaled $6.47, well above consensus estimates for $4.11. The company returned to year-over-year earnings growth, after last quarter posting a decline as high costs from ramping up one-day shipping bit into profitability. Fourth-quarter revenue of $87.6 billion was also ahead of the $86.17 billion expected. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation S&P 500 poised to turn negative for the year as losses hold UK-AIS 27 Commercial Deals Worth Over 6.5bn Pounds
