Amazon jumped 12.61% in premarket trading after beating fourth-quarter results and announcing a price hike for Prime members

2022-05-02 0 By

Amazon shares rose 12.61% to $3,127.06 in premarket trading on Feb. 4.Amazon reported fourth-quarter net sales of $137.4 billion after the closing bell Thursday, up 9% from a year earlier. Analysts expected $137.82 billion.Operating profit for the fourth quarter was $3.5 billion, up 98% from a year earlier and estimated at $2.43 billion.Earnings per share of $27.75 versus $3.77 estimated;Estimated first-quarter net sales of $112 billion to $117 billion;Forecast first-quarter operating profit of $3 billion to $6 billion, versus estimates of $6.06 billion.In addition, to cope with rising cost pressures, us Prime membership will increase from $119 to $139.