ADVERTISEMENT
ADVERTISEMENT

Amazon erases losses after beating earnings expectations (AMZN)

Amazon beat expectations for revenue but missed on EPS.

  • Shares of Amazon recouped Thursday’s 4% loss, surging 3% after-hours, after the company
  • The e-commerce giant reported earnings of $3.75 per share on revenue of $60.5 billion. Analysts had expected $1.83 per share and $59.85 billion in revenue.
  • Since its
  • Ahead of earnings, millennial investors on the trading apps Robinhood and Stockpile were
  • Wall Street analysts, on the other hand, were markedly more bearish. The average price target for shares of Amazon is just $1,403, according to Bloomberg, 2% below where the stock was trading Thursday afternoon.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT