Amazon.com Inc. doubled its profit in the first three months of 2019, according to a Thursday earnings report, sending shares less than 1% higher in the...
Amazon.com Inc. doubled its profit in the first three months of 2019, according to a Thursday earnings report, sending shares less than 1% higher in the extended session.
Analysts on average projected Amazon would report earnings of $4.70 a share on sales of $59.68 billion, according to FactSet. Amazon had forecast revenue of $56 billion to $60 billion for the quarter, which disappointed investors at the time. The company forecast revenue of $59.5 billion to $63.5 billion for the second quarter, after producing revenue of $52.89 billion in that period a year ago. Analysts on average were projecting revenue of $62.39 billion.
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