Amazon.com, Inc. (AMZN) Stock Hits Record Hits On Huge Beat in Earnings

Amazon.com, Inc. (NASDAQ:AMZN) Stock soared in after-hours session after the company announces its second consecutive quarter of more than $100 billion in sales, predicts a third on the way.

Amazon.com, Inc. (AMZN) Stock Hits Record Hits On Huge Beat in Earnings

The company said the preliminary second-quarter EPS was $15.79, more than triple the $5.01 a share recognized in the same period a year ago and well ahead of S&P Capital IQ Consensus Estimate of $9.55.

Revenues came in at $108.52 billion, again topping S&P Capital IQ Consensus Estimate of $104.59 billion.

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The company issues upside guidance for Q2, sees Q2 revs of $110-116 bln vs. $107.58 bln S&P Capital IQ Consensus. company guides to Q2 operating income of $4.5-8.0 bln vs $6.92 bln consensuses.

AMZN stock soared over 4% in after-hours sessions to a record high of $3613. The stock already went up about 4% so far this ahead of earnings.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.