Another round of Mag 7 earnings come in below investor expectations. Amazon (AMZN) reported in-line net sales and AWS revenue, causing the stock to tick lower after hours.
Amazon (AMZN 1.13%), the global e-commerce giant, has announced its results for the fourth quarter of 2024 on February 6, 2025.
CNBC's Kate Rooney joins 'Closing Bell Overtime' with Amazon earnings.
Amazon delivered a strong set of financial results in the fourth quarter, with revenue in the holiday span rising 10% from a year ago to $187.8 billion and earnings nearly doubling to $1.86. Shares in the tech giant slumped on the earnings news, however, as it contained worse-than-expected guidance for the first quarter.
Amazon's beat Wall Street's overall expectations with $187.
Amazon.com Inc AMZN reported fourth-quarter financial results after the market close Thursday.
Shares of Amazon (NASDAQ: AMZN) gained 1.13% on Thursday before falling off a cliff after the close despite the company reporting Q4 earnings that beat revenue and EPS expectations.
Amazon Web Services delivered almost as much revenue as analysts had expected in the fourth quarter. AWS chief Matt Garman said in the quarter that Apple has relied on the division's custom artificial intelligence chips.
Amazon's online advertising business logged $17.29 billion in the fourth quarter. The online retail giant revealed its latest advertising sales results on Thursday as part of its fourth-quarter earnings.
The company called out an ‘unusually large, unfavorable impact' from currency, which is expected to hit first-quarter results.
Evercore ISI's Mark Mahaney and Odyssey's Jason Snipe, join 'Closing Bell' to discuss Amazon ahead of earnings, Big Tech's performance and AI spending.
Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.