Amazon: stock set to recover after quarterly results

(CercleFinance.com) - The Amazon stock is expected to increase almost 6% when the Nasdaq opens shortly, according to the pre-market statistics.


The US e-commerce giant has announced quarterly accounts that have outperformed expectations. However, remember that the share had fallen by 4.2% yesterday.

In Q4 2017, Amazon's sales soared 38% to 60.5 billion dollars or +36% excluding FX factors. Operating income rose 69% to 2.1 billion dollars, while net income rose from 749 million dollars to 1.9 billion dollars (respective EPS of 2.5 dollars and 3.75 dollars). Note that this is boosted to the tune of 789 million dollars by the accounting impact of the US tax reform. Therefore, it would still be up 42% without taking into account this exceptional item.

In Q1 2018, Amazon expects revenues of 47.8 billion to 50.8 billion dollars, including 1.2 billion dollars in exchange gains and corresponds to annual growth of 34% to 42%. The group's operating profit is between 300 million dollars and one billion dollars, against one billion dollars a year earlier.


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