Amazon (AMZN) Posts Earnings Beat, Stock Slumps on Weak Sales and Guidance

Amazon (AMZN) just released its fourth-quarter fiscal 2017 earnings results, posting earnings of $1.54 per share and revenue of $43.741 billion.

AMZN was down 3.82% to $807.86 in after-hours trading shortly after its earnings report was released.

Currently, AMZN has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.


Beat earnings estimates . The company posted earnings of $1.54 cents per share, beating our Zacks Consensus Estimate of $1.40 per share.

Missed revenue estimates . The company saw revenue figures of $43.741 billion, missing our estimate of $44.870 billion.

Amazon Web Services revenues came in at $3.536 billion for the quarter.

Amazon expects nets sales to be between $33.25 billion and $35.75 billion for the first quarter of fiscal 2017. Our current consensus estimate calls for revenue of $35.83 billion.

"Our Prime team's customer obsession kept them busy in 2016," said CEO Jeff Bezos. "Prime members can now choose from over 50 million items with free two-day shipping-up 73% since 2015.

Here's a graph that looks at Amazon's recent earnings performance:, Inc. Price, Consensus and EPS Surprise, Inc. Price, Consensus and EPS Surprise |, Inc. Quote, Inc. seeks to be the world's most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products. Over the years, Amazon has developed its own branded products and a budding cloud-based web services division.

Check back later for our full analysis on Amazon's quarterly report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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