Jeff Bezos, head of Amazon, can be seen on the sidelines of the company’s novelty event.
Andrej Sokolow | photo alliance | Getty Images
Amazon’s fourth-quarter earnings surprised Wall Street analysts in more ways than one.
The e-commerce giant reported on Tuesday after the bell that one of its most impressive and biggest quarters to date beat earnings and sales estimates and left its mark as the main beneficiary of the coronavirus.
And while the news that Amazon CEO and founder Jeff Bezos would step aside later this year was shocking to some, analysts say not much is likely to derail the stock. Andy Jassy, who built Amazon’s cloud business, takes over.
Stock is mostly flat in premarket trading.
Here’s what analysts say about the company’s earnings report and the Bezos transition: