Amazon Posts Strong Q4 Earnings, but Stocks Dip on Q1 Outlook
Seattle-Based Company Said Its Revenue for Q4 Totaled $187.8 Billion, a 10% Jump From the Year-Ago Period
An Amazon truck in Philadelphia. Amazon’s Q4 profit was $20 billion, while earnings per share reached $1.86, higher than the $1.49 that analysts surveyed by FactSet had anticipated. (Matt Rourke/Associated Press)
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Amazon on Feb. 6 reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.
The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, a 10% jump compared with the same period in 2023. Profit came out to $20 billion, while earnings per share reached $1.86, higher than the $1.49 that analysts surveyed by FactSet had anticipated.
But the company said it expected revenue for Q1 to be between $151 billion and 155.5 billion, lower than the $158.56 billion that analysts were expecting. The guidance anticipates “an unusually large, unfavorable impact” from foreign exchange rates, it said.
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