Amazon Beats Earnings but Provides Surprisingly Weak Q1 Guidance
Amazon reported its fourth-quarter earnings, beating analysts’ expectations but providing worse-than-anticipated guidance for the first quarter of 2024. The company’s stock fell over 3% in pre-market trading on Friday. For the fourth quarter, AWS generated $28.7 billion in revenue, slightly shy of Wall Street estimates. Amazon also reported a net sales increase due to leap … Read more