Amazon Faces Stock Decline Amid Lower Q1 Forecast and AWS Revenue Miss

Reported about 6 hours ago

Amazon (AMZN) reported fourth-quarter earnings exceeding expectations, with earnings at $1.86 per share and net sales of $187.79 billion. However, its projections for the first quarter, predicting net sales between $151.0 and $155.5 billion, fell short of analysts’ expectations of $158.64 billion. Additionally, AWS revenue came in slightly below forecasts, contributing to a dip in stock value.

Source: YAHOO

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