SA: Amazon soars after announcing Prime price hike, topping operating income expectations

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SEEKING ALPHA reports:

Amazon (NASDAQ:AMZN) soared in after-hours trading smashing operating income and EPS expectations with its Q4 report and announcing a new price hike for the Prime annual membership to $139. The price hike will go into effect on March 25.

Total revenue in North America in Q3 was $75.4B vs, $82.4B a year ago, while international revenue was $37.5B vs. $37.7M a year ago.

AWS revenue came in at $17.78B vs. $17.23B consensus and $17.8B a year ago.

Operating income was reported at $3.5B vs. $6.9B a year ago and $2.4B consensus. Operating margin was 2.5% of sales vs. 5.5% a year ago and 1.8% consensus. The company’s net income tally included a pre-tax valuation gain of $11.8B in non-operating income from investment in Rivian Automotive.

Free cash flow decreased to an outflow of $9.1B for the trailing twelve months, compared an inflow of $412.0B for the trailing twelve months a year ago…

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Now read: “Facebook shares hammered on outlook, driving markets lower“.

AMZN up 14.3% in after-hour trade, having reached $3,180.