Categories AlphaGraphs, Earnings, Retail, Technology

Amazon (AMZN) reports Q4 2020 earnings results; announces CEO transition, Inc. (NASDAQ: AMZN) reported fourth quarter 2020 earnings results today.

Net sales increased 44% year-over-year to $125.6 billion.

Net income rose to $7.2 billion, or $14.09 per share, from $3.3 billion, or $6.47 per share, in the same period a year ago.

Both the top and bottom line numbers beat market expectations.

For the first quarter of 2021, the company expects net sales to grow 33-40% YoY to a range of $100-106 billion.

Amazon announced that founder and CEO Jeff Bezos will move to the role of Executive Chair in the third quarter of 2021 at which time Andy Jassy will take over as CEO.

Prior performance

Amazon reports Q3 2020 earnings results
Amazon reports Q2 2020 earnings results
amazon Q1 2020 eanrings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Cancer drug maker Felicitex prepares for IPO. Here’s all you need to know

Fewer companies filed for initial public offering this year, compared to 2021 when the market witnessed a record number of IPOs. With only a few weeks left for the year

Chipotle Mexican Grill (CMG): A few points to keep in mind if you have an eye on this restaurant chain

Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) were down 3% on Tuesday. The stock has dropped 13% year-to-date but there is still a positive sentiment in general about its

Should you buy Oracle (ORCL) stock ahead of next week’s earnings?

The cloud infrastructure market in the U.S. is projected to grow by double digits through 2030. The fast-paced cloud adoption has made leading tech firms like Oracle Corporation (NYSE: ORCL)

Add Comment
Viewing Highlight