Jeff Bezos, head of Amazon, can be seen on the sidelines of the company’s news event.
Andrej Sokolow | images alliance | Getty Images
Amazon’s fourth-quarter earnings surprised Wall Street analysts in more ways than one.
The e-commerce giant reported one of its biggest and most impressive quarters to date, exceeding sales and sales estimates on Tuesday after the bell and making its mark as the main beneficiary of the coronavirus.
And while the news that Amazon CEO and founder Jeff Bezos would step down later this year has been shocking to some, many are not likely to derail shares, according to analysts. Andy Jassy, who built Amazon’s cloud business, will take control.
The stock is practically stable in the pre-market.
Here’s what analysts are saying about the company’s earnings report and the Bezos transition: