Amazon ends year on strong note but forecasts weak upcoming quarter

Robust fourth-quarter earnings take into account holiday shopping season, but first-quarter estimates disappoint

Amazon outdid Wall Street’s expectations with its earnings from the fourth quarter of 2024 on Thursday but forecast a weak upcoming quarter.

The retail giant ended the year on a strong note, reporting $187.79bn in revenue and $1.86 per share, beating analysts’ estimates of revenue of $187.3bn and share price at $1.49. Continue reading…
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