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Amazon Q4 surged to $7.22 billion

Christian Fernsby |
Amazon reported a fourth-quarter profit that surged from a year ago, driven largely by revenue growth as consumers continue to shop more on the e-commerce platform, especially over the holiday shopping season, due to the ongoing COVID-19 pandemic.

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Topics: AMAZON   

Seattle, Washington-based Amazon's fourth-quarter surged to $7.22 billion or $14.09 per share from $3.27 billion or $6.47 per share last year.

Amazon's sales for the quarter jumped 44% to $125.55 billion from $87.44 billion last year. Analysts had a consensus revenue estimate of $119.70 billion for the quarter.

Sales from North America jumped 40 percent to $75.35 billion from $53.67 billion last year, while international sales rose 57 percent to $37.47 billion from $23.81 billion. Meanwhile, revenues of Amazon Web Services, Amazon's cloud service division, jumped 28 percent to $12.74 billion from $9.95 billion.

Looking forward to the first quarter, the company expects sales of $100 billion to $106 billion. Analysts currently estimate revenues of $95.69 billion.

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