Amazon (AMZN) earnings Q4 2020

Andrew M. Santos

Amazon announced in its earnings report for the fourth quarter of 2020 that Amazon Web Services CEO Andy Jassy will replace Jeff Bezos as Amazon CEO during the third quarter of this year. Bezos will become executive chairman.

The company also delivered its largest quarter by revenue of all time at $125.56 billion, pushing it past the symbolic $100 billion mark for the first time.

Shares of Amazon were up 1% in extended trading.

Here are the results:

  • Earnings: $14.09 vs $7.23 per share forecast by Refinitiv
  • Revenue: $125.56 billion vs $119.7 billion forecast by Refinitiv

Bezos announced his decision to step down in the earnings release and in a memo to employees, noting that he will focus on “new products and early initiatives” in his new role, including the Day One Fund, Bezos Earth Fund, The Washington Post and his private space company Blue Origin.

“If you do it

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Ulta (ULTA) Down 3.2% Since Last Earnings Report: Can It Rebound?

Andrew M. Santos

It has been about a month since the last earnings report for Ulta Beauty (ULTA). Shares have lost about 3.2% in that time frame, outperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Ulta due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Ulta Beauty Q2 Earnings Top Estimates, Sales Miss

Ulta Beauty posted second-quarter fiscal 2020 results, with the top and the bottom line declining year over year. Also, sales missed the Zacks Consensus Estimate. Results were affected by coronavirus-led store closures. However, the company started reopening stores during the quarter, with Shop Safe standards. Also, it is witnessing improved trends.

Incidentally, comparable sales or comps improved considerably as

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