Amazon is expected to report its fourth-quarter earnings with anticipated earnings at $1.49 per share and revenue of $187.3 billion. Analysts project a 10% revenue growth fueled by the holiday shopping season. Amazon Web Services revenue is forecasted at $28.8 billion, while advertising revenue is anticipated to be $17.4 billion. Operating income is expected to rise 44% year over year, largely due to CEO Andy Jassy's ongoing cost-cutting initiatives, including layoffs and reduction in experimental projects. Wall Street is also closely monitoring trade impacts from tariffs on Chinese goods.
Analysts are projecting revenue growth of roughly 10% during the quarter, which includes results from the holiday shopping season.
The company's bottom line has benefited from CEO Andy Jassy's cost-cutting campaign, which has been ongoing since late 2022.
Collection
[
|
...
]