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[ad_1] Amazon stock (NYSE: AMZN) is trading lower in premarkets after it reported its earnings for the fourth quarter of 2022. While the company’s performance in the quarter was mixed, it spooked markets with its guidance. Amazon and other tech stocks soared yesterday after Meta Platforms’ earnings release. However, Amazon, Apple, and Alphabet disappointed markets … Read more
[ad_1] © Reuters By Liz Moyer and Scott Kanowsky Investing.com — Amazon.com Inc (NASDAQ:) beat revenue expectations for the fourth quarter but top-line results from its key cloud business, Amazon Web Services, were slightly weaker than expected. Shares of the e-commerce giant fell 6% in after-hours trading. of $149.2 billion was 8.5% higher than the … Read more
[ad_1] Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from … Read more
[ad_1] 400tmax/iStock Unreleased via Getty Images Amazon.com Inc. (NASDAQ:AMZN) stock wavered in Thursday’s extended trading as the market digested a mixed Q4 earnings report. Headlining the quarterly results was a big revenue beat, with $149.2B in revenue exceeding analyst estimates by $3.43B. However, AWS sales came in slightly slower than already tempered estimates, hitting $21.38B … Read more
[ad_1] © Reuters. FILE PHOTO: Packages emblazoned with Amazon logos travel along a conveyor belt inside of an Amazon fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2017. REUTERS/Lucas Jackson/File Photo (Reuters) -Amazon.com Inc beat Wall Street estimates for quarterly sales on Thursday, as the retailer’s marketing blitz during the holiday period helped attract … Read more
