Amazon CEO Jeff Bezos can be seen on the brink of the company’s novelty event.
Andrej Sokolow | picture alliance | Getty Images
Amazon’s earnings in the fourth quarter surprised Wall Street analysts in more ways than one.
The e-commerce giant reported Tuesday after the clock that one of its most impressive and largest quarters to date has beaten earnings and sales estimates, leaving its mark as the biggest beneficiary of the coronavirus.
And while the news that Amazon CEO and founder Jeff Bezos would step down later this year was shocking to some, analysts say there is unlikely to be much that will derail the stock. Andy Jassy, who built up Amazon’s cloud business, takes over.
The stock is mostly flat in trading the market.
This is what analysts say about the company’s earnings report and the Bezos transition: