Amazon (AMZN) Q4 Revenue Tops Views

Amazon (NASDAQ: AMZN) reported Q4 EPS of $3.75, $1.90 better than the analyst estimate of $1.85. Revenue for the quarter rose 38% to $60.5 billion versus the consensus estimate of $59.83 billion.

The fourth quarter 2017 includes a provisional tax benefit for the impact of the U.S. Tax Cuts and Jobs Act of 2017 of approximately $789 million.

“Our 2017 projections for Alexa were very optimistic, and we far exceeded them. We don’t see positive surprises of this magnitude very often — expect us to double down,” said Jeff Bezos, Amazon founder and CEO. “We’ve reached an important point where other companies and developers are accelerating adoption of Alexa. There are now over 30,000 skills from outside developers, customers can control more than 4,000 smart home devices from 1,200 unique brands with Alexa, and we’re seeing strong response to our new far-field voice kit for manufacturers. Much more to come and a huge thank you to our customers and partners.”

GUIDANCE:

Amazon sees Q1 2018 revenue of $47.75-50.75 billion, versus the consensus of $48.73 billion.

For earnings history and earnings-related data on Amazon (AMZN) click here.

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