Reported about 8 hours ago
Amazon reported strong fourth-quarter results but disappointed investors with its Q1 sales outlook, leading to a more than 3% drop in stock price. The company expects Q1 revenue of $151 to $155 billion, lower than analysts' expectations of $158 billion. Contributing factors include foreign exchange impacts and the accounting for a leap year. CEO Andy Jassy indicated a significant increase in capital spending planned for 2025, primarily focused on AI and data centers.
Source: YAHOO