Amazon Shares Soar As Q1 Earnings Beat Estimates
Amazon‘s (NASDAQ:AMZN) shares soared over 10% after it reported strong Q1 2016 earnings on Thursday. The company’s results easily beat Reuters’ compiled consensus estimates for both the top and bottom line. Amazon’s net sales grew about 28% year-over-year (y-o-y) to $29.1 billion in the quarter, compared to Reuters’ compiled analyst expectations of $28 billion. Its operating income more than quadrupled y-o-y to $1.07 billion, and net income increased from (-$0.12) per share in Q1 2015 to $1.09 per share in Q1 2016, against consensus estimates of $0.55. 
Have more questions about Amazon? See the links below.
- How Important Is The Web Services Business To Amazon?
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Notes:
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2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Amazon
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