Amazon’s net sales in the fourth quarter rose 44% to $125.6 billion, up from $87.4 billion in the same period in 2019, according to the company’s press release. The company announced its CEO and founder Jeff Bezos would transition to the Executive Chair’s role in Q3 and be replaced by Andy Jassy.
- Full-year net sales rose 38% to $386.1 billion, up from $280.5 billion in 2019.
- Amazon’s operating income rose to $6.9 billion in Q4, up from $3.9 billion the same period of 2019.
- Full-year operating income rose to $22.9 billion, up from $14.5 billion in 2019.
- Net income rose to $7.2 billion in Q4, or $14.09 per diluted share, up from $3.3 billion or $6.47 per diluted share the same period of 2019.
- Full-year net income rose to $21.3 billion or $41.83 per diluted share, up from $11.6 billion or $23.01 per diluted share in 2019.
- Amazon expects net sales to be between $100 billion and $106.0 billion or 33% to 40% growth in the first quarter of 2021, up from the first quarter of 2020.
- Operating income is projected to be between $3.0 billion and $6.5 billion, compared with $4.0 billion in the first quarter of 2020.
- Amazon’s guidance assumes no additional business acquisitions, investments, restructurings, or legal settlements.
Amazon stock is currently gaining. AMZN: NASDAQ is up 0.56% on premarket.
