Amazon stock jumps on earnings

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The stock price of Amazon is jumping from the Thursday's closing price of $119.66 up to $126.22 at the start of Friday's US trading. The reason for the jumps is the fact that the company has reported quarterly earnings per share that are higher than expected by more than 60.00%.

EPS were expected to reach $0.585. Actual released number is $0.94 per share. This is a surprise increase of 60.58%.

However, take into account that the company was expected to report total revenues of $141.503 billion. Amazon has beat expectations by reporting $143.083, which is more than expected by just $1.58 billion.

If the situation repeats as in the case of META, which reported similar results, the stock price might erase its gains by the end of the day. In the case of META, the company had scored larger earnings by cutting costs in the expectations of worse than previously expected future market conditions.
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