Amazon.com Inc reports results for the quarter ended March 31 - Earnings Summary

• Amazon.com Inc AMZN.OQ reported quarterly adjusted earnings of $1.59​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of forty five analysts for the quarter was for earnings of $1.36 per share. Wall Street expected results to range from $1.07 to $1.52 per share.

• Revenue fell 99.9% to $143.31 million from a year ago; analysts expected $155.04 billion.

• Amazon.com Inc's reported EPS for the quarter was $1.59​.

• The company reported quarterly net income of $17.13 billion.

• Amazon.com Inc shares had fallen by 3.1% this quarter and lost 15.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3% in the last three months.​

• In the last 30 days, thirteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 68 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the department stores peer group is also "buy"

• Wall Street's median 12-month price target for Amazon.com Inc is $242.11

This summary was machine generated from LSEG data May 2 at 03:12 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)