© Reuters. Amazon.com Earnings, Revenue miss in Q1
Investing.com – Amazon.com (NASDAQ:) reported on Thursday first quarter 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 13% from the beginning of the year and are trading at $2,669.55 , down-from-52-week-high.They are outperforming the Nasdaq which is down 17.73% from the start of the year.
Amazon.com shares lost 7.69% in after-hours trade 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