Last night Amazon delivered quarterly reports for the final three months of 2014 that greatly exceeded expectations.
Firstly, it reported a $214 million profit, which is 45 cents per share and well above analysts’ 18 cents a share forecast. Total revenue was $29.3 billion and slightly higher than expected. Bloomberg have digested the results more fully here.
It’s big news for several reasons. It’s vital that Amazon as a retailer has a strong Q4 because it demonstrates that it’s in good health like any retailer must do at Christmastime. But Amazon also posted lack-lustre results in Q3 and whilst technically it ended 2014 making a loss, the Q4 results are good news.