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Amazon Q4 Earnings Top Expectations on Holiday Sales, AWS Growth; Stock Jumps

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Key Takeaways

  • Amazon's fourth-quarter earnings beat analysts' expectations.
  • Net income rose to $10.6 billion or $1.00 per diluted share
  • Revenue grew 14% to $170.0 billion driven by sales and Amazon Web Service growth.

Amazon.com Inc. (AMZN) posted better-than-expecteꦰd results for the fourth quarter of 2023, news that sent shares in the company sharply higher in after-hours trading.

The company's net income rose to $10.6 billion or $1.00 per diluted share. Analysts 澳洲幸运5开奖号码历史查询:were projecting net income of $8.59 bꦇillion, or 83 cents per diluted share. Revenue soared to $170.0 billion driven byꦅ sales and Amazon Web Service growth.

Q4 2023 Analyst Estimates for Q4 2023 Q4 2022
Revenue $170.0 billion $166.14 billion $149.2 billion
Diluted Earnings Per Share (EPS) $1.00 83 cents 3 cents
Net Income $10.6 billion $8.59 billion $0.28 billion

“This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon,” said Amazon CEO Andy Jassy in a prepared statement. “While we made meaningful revenue, operating income, and free cash flow progress, what we’re most pleased with is the continued invention and customer experience improvements across our businesses. 

Holiday sales were a boon for the e-commerce giant. More than 1 billion items were purchased on their platform during the 澳洲幸运5开奖号码历史查询:11 days of sales the company held for Black Friday and Cyber Monday.

The company reported a 13% increase in North American sales in the f🍃ourth quarter to $105.5 billion and a 13% increase internationally when accounting for foreign exchange rates.

Amazon Web Services, the company's cloud and computing segment, also had a 13% increase in sales over the prior year to total $24.2 billion.

Amazon shares were up 9.5% at $174.34 at aroun🐠d 5:00 p.m. ET.

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