Amazon to report earnings after the close
After the close, Amazon will report their fourth-quarter earnings. The analysts expectations are for:
- Earnings-per-share of $4.02
- revenues of $86.2 billion. That is a 19% increase from 72.4 billion last year
Last year the company earned $6.04. Expenses are going up as Amazon transitions to 1 day delivery. Amazon said that it would spend $1.5 billion over the holiday to expand 1 delivery.
Last quarter the company stock fell by 8.6% in after-hours trading after falling short on earnings but beating revenue forecasts. Earnings-per-share came in at $4.23. The market was expecting $4.61.
