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...

Today's Sponsors

Venturous
ZeOmega

Today's Sponsor

Venturous

Continue Reading

 
Topics: Cloud, Provider, Retailer, Technology
Related Articles:
Walmart Health Research Institute to Host Clinical Trials at 4 New Sites
Amazon and Walmart Target Payments, Healthcare and AI to Reshape Retail
Walmart To Launch Clinical Research Sites In Shuttered Health Clinics
Around the nation: Walmart launches new digital health platform
Walmart Makes a Hesitant Return to Virtual Care. Here's Why.

Share Article