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Amazon’s Revenue Is Roughly Half that of Walmart, AMZN Stock Yawns

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By CCN: Amazon’s stock is flat in after-hours trading after the company destroyed earnings estimates, beating them by a sizable amount – more than 50%. Amazon continues to conquer the world with nearly $60 billion in revenue in the first quarter alone, skyrocketing 17% from the comparable quarter last year. Amazon’s annual revenue is now roughly half that of Walmart’s. More than 80% of Amazon’s revenue comes from its e-commerce business. Its Q1 revenue has increased 15-fold over the past 11 years. Amazon’s first quarter revenue: 2019: $59.7 billion2018: $51.0 billion2017: $35.7 billion2016: $29.1 billion2015: $22.7 billion2014: $19.7 billion2013: $16.1

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