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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.

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