Amazon surpassed Wall Street's Q4 earnings expectations with a revenue of $187.79bn and earnings per share of $1.86, attributed to a strong holiday season where online spending surged 8.7%. Despite these robust results, the company forecasts weaker sales for the upcoming quarter, estimating revenues between $151bn and $155.5bn, below analysts' expectations. CEO Andy Jassy highlighted cost-cutting measures and new AI innovations as key contributors to the company's financial health, while shares fluctuated in after-hours trading. Amazon's recent friendship with Trump marks a notable shift in relations.
Despite the better-than-expected results, Amazon fell short of next quarter's sales estimates, predicting revenue between $151bn and $155.5bn against an expected $158.5bn.
Jassy has been tightening the belt at Amazon, implementing layoffs and cuts that, although reduced this year, seem to have positively impacted the financials.
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