Earnings

Amazon (AMZN) earnings Q4 2022

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Amazon beats on revenue, AWS revenue down slightly

Amazon on Thursday issued first-quarter guidance that came in light of estimates, overshadowing better-than-expected revenue for the fourth quarter. The stock slid after hours, erasing most its rally from the regular trading day. Here are the key numbers:

  • Earnings: 3 cents per share
  • Revenue: $149.2 billion vs $145.42 billion expected, according to Refinitiv estimates

Here’s how other key Amazon segments did during the quarter:

  • Amazon Web Services: $21.4 billion vs $21.87 billion expected, according to StreetAccount
  • Advertising: $11.56 billion vs $11.38 billion expected, according to StreetAccount

It’s not immediately clear if the reported earnings are comparable to the Refinitiv analyst…



Source cnbc.com

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