As the world sees the e-commerce giant Amazon inching close to the one trillion valuation after reporting blowout earnings for its fourth quarter this Thursday, it is interesting to note that Amazon is all set to enter the club despite getting the knockout earning report and that for the second time. As per the latest in the market, the company has surged more than 10.9 percent in the pre-market trading on Friday following the outcome. The stock requires a cost of around 2,008.80 USD to get the one trillion mark, which commences at the start of the business that is based as per the outstanding count of 497,810,444 shares in the latest 10-K filing of the company.
While crossing the threshold, the e-commerce company was seen joining Apple, Microsoft and Alphabet that seems to have hit the important milestone. Amazon is seen reaching the one trillion market cap for the first time in the third quarter of 2018. The fourth-quarter result of Amazon has proved that its investment in the single-day shipping is going to push the consumers in order to buy more and more products during the holiday season of shopping. The company, therefore, has posted more than fourth-quarter earnings of 6.47 USD per share, which seems to have crushed the estimates of $4.03 per share.
The e-commerce company has therefore given the upbeat guidance for the first quarter and has seen offering the updated figures over the Prime Subscription board that has now counted more than 150 million paying over the members in the said program. The very same day the company’s share has gone up to 11 per cent with the extended trading smashing all records in the fourth quarter. The key numbers for the company include the earnings per share reaching to 6.47 USD per share vs. expectations of $4.03 per share claimed the analysts as surveyed by Refinitiv. Similarly, the Revenue generated for the company rose to 87.44 billion USD vs. the expected figure of $86.02 billion, per Refinitiv. All in all, the company web services has earned $9.95 billion crossing the expected figure of $9.81 billion, claimed the FactSet reports. It is interesting to see how the company has surged this level despite facing the said crunch and that too for the second time.