By admin Apr, 29, 2021 Editors Pick

Amazon smashed through the earnings estimate today in a homerun fashion. The online e-commerce company made a lot of money than expected and investors around the world should be very excited for what's next for Amazon stocks.  

According to today’s report, Amazon’s first quarter of the year 2021 was impressive, Amazon’s sales soared by as much as 44% in earnings.  As a result, Amazon's share was up by 3 percent after-hours.

• Operating cash flow i: up 69% to $67.2 billion in the last twelve months, compared with $39.7 billion for the previous twelve months ended March 31, 2020.
• Free cash flow increased to $26.4 billion compared to $24.3 billion for the trailing twelve months ended March 31, 2020.
• Free cash flow less principal repayments of finance leases and financing obligations increased to $14.9 billion for the trailing twelve months, compared with $14.3 billion for the trailing twelve months ended March 31, 2020.
• Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $16.8 billion for the trailing twelve months, compared with $11.7 billion for the trailing twelve months ended March 31, 2020.
• Common shares outstanding plus shares underlying stock-based awards totaled 519 million on March 31, 2021, compared with 513 million one year ago.
• Net sales increased 44% to $108.5 billion in the first quarter, compared with $75.5 billion in first quarter 2020. Excluding the $2.1 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 41% compared with first quarter 2020.
• Operating income increased to $8.9 billion in the first quarter, compared with operating income of $4.0 billion in first quarter 2020.
• Net income increased to $8.1 billion in the first quarter, or $15.79 per diluted share, compared with net income of $2.5 billion, or $5.01 per diluted share, in first quarter 2020.

Tags: Amazon Jeff Bezo Stock Market Investment AMC

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