Jeff Bezos, head of Amazon, can be seen on the sidelines of the company’s news event.
Andrej Sokolow | image alliance | Getty Images
Amazon’s fourth-quarter earnings surprised Wall Street analysts in several ways.
The e-commerce giant reported one of its most impressive and largest quarters to date, beating revenue and sales estimates on Tuesday after the bell and leaving its mark as the main beneficiary of the coronavirus.
And even if the news that Amazon CEO and founder Jeff Bezos would give up at the end of this year was shocking to some, it is unlikely to derail the stock, according to analysts. Andy Jassy, who built Amazon’s cloud business, will take the lead.
The stock is largely flat in premarket trading.
Here’s what analysts say about the company’s earnings report and the Bezos transition: