Amazon.com Inc (NASDAQ:AMZN) stock dropped 4% in after-hours trading, erasing $100 billion from the company's market value. The decline followed strong fourth-quarter earnings that exceeded expectations but were overshadowed by weaker-than-expected guidance for the current quarter.
Amazon shares fell 4% in Frankfurt on Friday a day after the retailer's results showed weakness in its cloud computing unit and it forecast and lower-than-expected first-quarter revenue and profit.
Amazon might be expecting a soft Q1. Here's how you can tell: They didn't want to talk about it.
Amazon.com, Inc. (NASDAQ:AMZN ) Q4 2024 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Dave Fildes - VP of IR Andy Jassy - CEO Brian Olsavsky - CFO Conference Call Participants Mark Mahaney - Evercore ISI Eric Sheridan - Goldman Sachs Doug Anmuth - JPMorgan John Blackledge - TD Cowen Michael Morton - MoffettNathanson Operator Thank you for standing by. Good day, everyone, and welcome to the Amazon.com Fourth Quarter 2024 Financial Results Teleconference.
Amazon said in its earnings report on Thursday that its guidance for the first quarter assumes a $2.1 billion headwind from foreign exchange rates. "This guidance anticipates an unusually large, unfavorable impact" from the strengthening dollar, Amazon said.
+170K jobs are expected to have been filled last month, below the December tally of +256K.
Amazon Web Services growth hindered by capacity constraints in data centers, says CEO. Constraints stem from AI chip shortages, server components, and energy supply issues.
Amazon.com, Inc. announced its Q4 earnings results, beating estimates on both lines. Following a 40% stock price increase over the past year, AMZN shares seem pricey compared to other Magnificent 7 stocks. Given the current valuation, Amazon's shares are not a great investment at these prices, suggesting caution for potential investors.
Amazon said it plans to boost capital expenditures to $100 billion in 2025, largely driven by AI investments. The company reported $83 billion in capital expenditures last year.
Despite all the buzz last week that DeepSeek would herald in an era of lower AI budgets, there is zero sign that Big Tech is slowing down. Instead, they're ramping things up.
Although the revenue and EPS for Amazon (AMZN) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Tony Wang, T. Rowe Price Science & Technology Fund portfolio manager, joins 'Fast Money' to talk Amazon earnings.