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Amazon reports big beat on earnings and revenue

Retail sales and spending numbers have shown a strong US consumer and Amazon backed that up with a strong quarter.

  • EPS 1.43 vs 1.14 est
  • Net income 15.3B vs 12.24B est
  • Sales 158.9B vs 157.2B est
  • Sees Q4 net sales 181.5B to 188.5B

Shares have jumped $10 to $198 on the results, which would put it at the highest since July.

This article was written by Adam Button at www.forexlive.com.

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