Home Business News Amazon reports $3.27bn net income

Amazon reports $3.27bn net income

by LLB Reporter
31st Jan 20 10:57 am

Amazon the Seattle based company has said they now have more than 150m prime members who pay $119 (£90) subscription per annum.

Financial results during the holiday shopping season were better than Wall Street analysts predicted.

In the three months to December the company reported a net income of $3.27bn or $6.47 per share, up from $3.03bn or $6.04 per share the year before.

According to the company FactSet analysts had expected $4.04 per share during the last quarter while revenue soared by 21% to $87.44bn surpassing expectations.

In after hours trading on Thursday shares soared by 12%.

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