Amazon reports better-than-expected results, as revenue jumps 14%

CNBC February 1, 2024
Annie Palmer

Key Points

– Amazon trounced analysts’ expectations for fourth-quarter earnings and revenue.

– The company gave optimistic guidance for the first quarter.

Amazon on Thursday reported fourth-quarter results that sailed past analysts’ estimates, and gave strong guidance for the current quarter. The stock climbed more than 8% in extended trading.

Here are the results:

• Earnings: $1.00 per share vs. 80 cents per share expected by LSEG, formerly known as Refinitiv
• Revenue: $170.0 billion vs. $166.2 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

• Amazon Web Services: $24.2 billion vs. $24.2 billion, according to StreetAccount
• Advertising: $14.7 billion vs. 14.2 billion, according to StreetAccount

Amazon said first-quarter sales will be...

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