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1/30, 10:02 PM (Source: TeleTrader)
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Amazon tops estimates with EPS of $6.47 in Q4

Amazon.com Inc. said on Thursday its earnings per share in the fourth quarter of 2019 stood at $6.47, rising 7% compared to the same period a year earlier and topping market estimates. Net income in the three-month period climbed 10% to $3.3. billion and revenues soared 21% to $87.4 billion.

For full fiscal 2019, the e-commerce giant's revenue rose jumped 20% to $280.5 billion and net income increased 15% to $11.6 billion, or $23.1 per diluted share.

"Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world," CEO Jeff Bezos stated. "Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year, and Amazon Originals received a record 88 nominations and 26 wins at major awards shows," he added.

Amazon shares surged over 9% in after-hours trading on better-than-expected results.

Breaking the News / NP