Amazon Posts Q4 Financial Results
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02/05/2021 |
Amazon.com Inc. (AMZN) posted results for the 4th quarter of Fiscal 2020 on February 2nd. For the period ending December 31st 2020, the company posted net income of $7.22 billion on total net sales including services of $125.55 billion, generating a diluted EPS of $14.09. Comparative figures for Q4 of 2019 were net income of $3.27 billion on total revenue of $87.44 billion with an EPS of $6.47.
The company report highlighted investment in protection of workers against COVID, including the anticipation of vaccination, acceleration in the testing program and providing workers with an additional $2.5 billion in bonuses and special pay in 2020. The company also highlighted contributions to sustainability of the environment, pledging to be net-zero carbon by 2040. The company has invested in wind and solar projects in eight nations, with 127 installations to date supplying 18,000 gigawatt hours annually. The company is a signatory to the Climate Pledge along with major multinational corporations.
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Jeff Bezos stepping down as CEO to
become Executive Chairman |
The company projects that net sales will attain $100 to $106 billion in Q1 of 2021, with operating income ranging from $3.0 billion to $6.5 billion assuming a $2.0 billion in costs related COVID-19.
Amazon.com has a market capitalization of $1,680,000 billion and has traded over a 52-week range of $1,626 to $3,552 with a 50-day moving average of $3,228. The trailing 12-month operating and profit margins were 5.9 and 5.5 percent respectively. The Company generated a 5.2 percent return on assets and 27.4 percent on equity.
There was no segment information or comment relating to the Whole Foods Market or Amazon Fresh subsidiaries.
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