By admin May, 01, 2020 Editors Pick

Amazon reported a big jump in net sales, the company reported $75.5 billion in net sales which means, it was up by 26% compared to last year but they only made a net income of $2.5 billion, that is $5.01 per share, but this also means a fall by 30 % when compared to the first quarter of 2019 when they reported $.3.6 billion or $7.09 per share. 

This shows that Amazon is affected by Coronavirus pandemic.

Here are the notable numbers from Amazon's earnings report. 

The stock was down about $100.00 after the report was released.  Amazon’s 52 weeks high is $2,475 with 52 weeks low of $1,626.03.  Amazon’s market Cap still stands above I Billion ( $.1.159.7 B). 

• Operating cash flow increased 16% to $39.7 billion for the trailing twelve months, compared with $34.4 billion for the trailing twelve months ended March 31, 2019.
• Free cash flow increased to $24.3 billion for the trailing twelve months, compared with $23.0 billion for the trailing twelve months ended March 31, 2019.
• Free cash flow less principal repayments of finance leases and financing obligations decreased to $14.3 billion for the trailing twelve months, compared with $15.1 billion for the trailing twelve months ended March 31, 2019.
• Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to $11.7 billion for the trailing twelve months, compared with $11.8 billion for the trailing twelve months ended March 31, 2019.
• Common shares outstanding plus shares underlying stock-based awards totaled 513 million on March 31, 2020, compared with 507 million one year ago.
• Net sales increased 26% to $75.5 billion in the first quarter, compared with $59.7 billion in first quarter 2019. Excluding the $387 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 27% compared with first quarter 2019.
• Operating income decreased to $4.0 billion in the first quarter, compared with operating income of $4.4 billion in first quarter 2019.
• Net income decreased to $2.5 billion in the first quarter, or $5.01 per diluted share, compared with net income of $3.6 billion, or $7.09 per diluted share, in first quarter 2019.