Amazon has surpassed analysts' expectations - the company remains profitable over four quarters

Amazon turned out to be profitable over four quarters - in the first quarter of 2016, the company received $ 29.13 billion in profits against analysts' forecasts of $ 27.98 billion, which is 22% higher than last year. Earnings per share amounted to $ 1.07 against the forecast of $ 0.58.



Amazon Web Services platform generated revenue of $ 2.57 billion, while analysts expected $ 2.53 billion, and last year the company received for the same period. Profit from the technology and content divisions amounted to $ 3.77 billion against $ 2.8 in the first quarter of 2015. Profits from sales in the international market rose to $ 9.6 billion from $ 7.8 year on year. The company's net profit was $ 513 million, while for the same quarter in 2015, the company lost $ 57 million.

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On all counts, Amazon surpassed analysts' expectations, and in the second quarter, the company plans to generate revenue of $ 28– $ 30.5 billion, while net profit should be in the range of $ 375– $ 975 billion.



During the announcement of financial results, Amazon CEO Jeff Bezos announced a doubling of the number of Fire tablets sold compared to last year. In addition, he mentioned the high demand for Echo, but he did not disclose exact figures.







After announcing the results, the company's shares jumped in price by 12% due to positive results in key segments - the AWS cloud platform and sales, on which analysts have high hopes. The trend to increase the value of shares over the past year also played a sharp price increase — during this period, stocks rose by 42% and information about the last four profitable quarters.