Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
- Amazon reported a 10% revenue increase for Q4, totaling $187.8 billion, exceeding expectations of $187.3 billion according to estimates compiled by LSEG.
- Despite strong earnings, Amazon's shares fell roughly 4% due to a weaker-than-expected first-quarter 2025 forecast and higher capital expenditures.
- The company forecasts first-quarter sales between $151 billion and $155.5 billion, missing the FactSet consensus of $158.5 billion.
- CEO Andy Jassy emphasized the long-term potential of AI investments, stating, "AI represents for sure the biggest opportunity since cloud and probably the biggest technology shift and opportunity in business since the Internet.
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Total News Sources0
Leaning Left6Leaning Right4Center3Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 23%
R 31%
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