Amazon (AMZN) Tops Q4 EPS by $6.86, Offers Q1 Guidance, Bezos will transition to the role of Executive Chair

Amazon (NASDAQ: AMZN) reported Q4 EPS of $14.09, $6.86 better than the analyst estimate of $7.23. Revenue for the quarter came rose 44% to $125.6 billion versus the consensus estimate of $119.7 billion.

• Amazon is also announcing today that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.

For the quarter:

• Operating cash flow increased 72% to $66.1 billion for the trailing twelve months, compared with $38.5 billion for the trailing twelve months ended December 31, 2019.
• Free cash flow increased to $31.0 billion for the trailing twelve months, compared with $25.8 billion for the trailing twelve months ended December 31, 2019.
• Free cash flow less principal repayments of finance leases and financing obligations increased to $20.3 billion for the trailing twelve months, compared with $16.2 billion for the trailing twelve months ended December 31, 2019.
• Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $21.4 billion for the trailing twelve months, compared with $12.5 billion for the trailing twelve months ended December 31, 2019.
• Common shares outstanding plus shares underlying stock-based awards totaled 518 million on December 31, 2020, compared with 512 million one year ago.

GUIDANCE:

Amazon sees Q1 2021 revenue of $100-106 billion, versus the consensus of $95.7 billion.

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

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