Amazon reports big earnings, crosses $1 trillion in value

Enlarge / Jeff Bezos, founder and chief executive officer of Amazon.com Inc. (credit: Getty | Bloomberg)

Amazon delivered its final quarterly earnings report for the 2019 fiscal year today, and investor response to a largely positive report describing big holiday sales and AWS performance drove the company's market cap above $1 trillion.

Amazon told investors that it achieved $87.4 billion in revenue during the fourth quarter of its fiscal-year 2019.

This quarter included the holiday shopping frenzy, and Amazon impressed investors with a 21 percent increase in sales compared to the same quarter last year. Amazon executives said that the company quadrupled same-day and one-day shipping over last year's figures, and it credited part of the holiday success to the company's ability to offer expedient shipping. Achieving those speedy deliveries brought Amazon's shipping expenditures in the quarter up to $12.9 billion, more than 40 percent more than last year.

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