Amazon (AMZN) shares have been given a price bump thanks to Oppenheimer, up to $455 from $440.
As investors noted, revenue growth was higher than the industry average of 8.5%. Since the same quarter last year, revenues increased some 20%.
And while growth in the company’s revenue looks to have boosted the earnings per share, it’s not all been smooth sailing.
Amazon.com opened at 375.04 on Tuesday. Amazon.com has a 52 week low of $245.75 and a 52 week high of $408.06. The stock has a 50-day moving average of $363.7 and a 200-day moving average of $356.5. The company has a market cap of $172.2 billion and a price-to-earnings ratio of 633.46.
Amazon.com last released its earnings data January 30. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. Analysts expect that Amazon.com will post $1.91 EPS for the current fiscal year.
AMZN stock is down 5% year to date.