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CNBC reports:
Amazon reported earnings after the bell. Here are the results.
– Earnings: $1.39 per share
– Revenue: $149.2 billion vs $145.42 billion, according to Refinitiv estimates
[The full release is here: “Amazon.com Announces Fourth Quarter Results“]
It is not immediately clear if the reported earnings are comparable to the Refinitiv analyst estimate of 18 cents per share. Wall Street is also watching several other numbers on the report:
– Amazon Web Services: $21.87 billion, according to StreetAccount
– Advertising: $11.38 billion, according to StreetAccount
Amazon likely closed out its worst year for revenue growth in its quarter century as a public company, and another quarter of single-digit sales expansion is expected, as the company grapples with waning consumer demand from inflation and a deceleration in its cloud business…
To read the full post, please click here.
Worth a look: “Amazon moves lower on mixed earnings result“.
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