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Barchart
Barchart
Mark R. Hake, CFA

Amazon Results Surprise With Higher Revenue and FCF, Making AMZN Stock Popular Again

Amazon.com Inc. Amazon

Amazon (AMZN) reported excellent Q1 results on April 27, with higher revenue and free cash flow (FCF). This has made AMZN stock popular again with value investors as they project positive FCF going forward. As a result, investors can find good deals with covered calls and out-of-the-money (OTM) cash-secured puts.

Amazon said its revenue for the quarter was 9% higher compared to last year and its last 12-month (LTM) FCF improved significantly. In the latter case, the LTM FCF went from being negative (an outflow) of $18.6 billion in the LTM to March 31, 2022, to just negative $3.3 billion in the LTM to March 31, 2023.

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