Amazon.com Earnings, Revenue Miss in Q1
2022.04.28 23:36
Amazon.com Earnings, Revenue Miss in Q1
Investing.com – Amazon.com (NASDAQ:AMZN) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Amazon.com announced earnings per share of $-7.56 on revenue of $116.44B. Analysts polled by Investing.com anticipated EPS of $8.37 on revenue of $116.46B.
Amazon.com shares are down 9% from the beginning of the year, still down 23.35% from its 52 week high of $3,773.00 set on July 13, 2021. They are outperforming the Nasdaq which is down 17.73% from the start of the year.
Amazon.com shares lost 10.16% in after-hours trade following the report.
Amazon.com follows other major Consumer Discretionary sector earnings this month
Amazon.com’s report follows an earnings beat by Tesla on April 20, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.26 on revenue of $17.87B.
McDonald’s had beat expectations on Thursday with first quarter EPS of $2.28 on revenue of $5.67B, compared to forecast for EPS of $2.17 on revenue of $5.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
