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Amazon exceeded every expectation

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Amazon thrived during the pandemic

Amazon took Wall Street by surprise yesterday when it posted its Q2 earnings report.  

The company’s performance was driven by operating cash flow that increased 42% and reached $51.2 billion, compared to the $36 billion posted a year ago. Its net sales added 40% from last year's 63.4 billion. At the same time, the quarter profit came in at $5.2 billion, or $10.30 per share. 

According to, the revenue exceeded analysts’ expectation of $81.24 billion coming in at $88.9 billion. The EPS figures came in at $10.30, leaving far behind the $1.51 expected.

Amazon’s amazing results positively impacted the net worth of Jeff Bezos, the company’s CEO, by nearly $10 billion. The riches man on the planet now has a net worth of $189.5 billion.

Upon release, the company provided Q3 guidance: the net sales are expected to reach a high of $93 billion while operating income is expected to drop with a range of $2 billion - $5 billion.

According to analysts, the stock is said to outperform in the next 12 months. 

In after-hours trading, the Amazon stock price gained more than 6%. In Q2, the stock went up more than 24%, and the company's market cap was pushed over $1.5 trillion. Since January, it added more than 63%. 

See how companies performed in the second quarter on!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.