Categories AlphaGraphs, Retail, Technology

Amazon (AMZN) reports Q4 2020 earnings results; announces CEO transition

Amazon.com, 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!

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