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Amazon’s quarterly profits soar to a record $20 billion
Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short
Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.
Amazon profits last year soared, but growth is slowing
Amazon almost doubled its profits in 2024 compared to the year before, but it missed some analysts expectations in its cloud division and issued a warning for slow sales growth in 2025.
Amazon Beats Quarterly Revenue Estimates, Cloud Growth Lags
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.
Amazon, Q4 and AWS
Amazon reports strong earnings for Q4, but stocks dip due to guidance for the 1st quarter
The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, a 10% jump compared to the same period in 2023. Profits came out to $20 billion while earnings per share reached $1.86, higher than the $1.49 that analysts surveyed by FactSet had anticipated.
Amazon reports Q4 AWS net sales $28.79B vs. $24.2B last year
AWS operating income of $10.63B vs. $7.17B last year.Maximize Your Portfolio with Data Driven Insights:Leverage the power of
Amazon (AMZN) AWS Q4 2024 revenues grew 19% to $28.8 billion from Q4 2023
Amazon’s (AMZN) latest earnings report brought an update on all of the company’s subsidiaries and divisions. This included Amazon Web Services, which accounted for $28.8 billion in revenue for the quarter,
2h
on MSN
Amazon Earnings: Shares Fall After Sales Outlook Is Weaker Than Expected
Amazon.com shares slipped Thursday after the company projected lower-than-expected sales and operating income and said it ...
3h
on MSN
Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand
Amazon CEO Andy Jassy says the trends represented by DeepSeek should stoke AI demand long-term. (GeekWire File Photo / Taylor ...
3h
on MSN
Amazon, Echoing Microsoft, Says It Can’t Keep Up With AI Demand
Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to ...
3h
on MSN
Amazon set to pass Walmart in revenue for first time
Walmart, which is often dubbed the world’s biggest retailer in reference to its revenue, still leads the way when it comes to ...
5h
Amazon's AWS miss adds to Big Tech's cloud woes
Amazon (AMZN) stock is in focus after the company reported quarterly results and released weaker-than-expected first quarter ...
3h
Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components
AWS's growth is slowed by AI chip shortages and server constraints, CEO Andy Jassy said, as the company plans significant capital investment.
5h
on MSN
Amazon shares slide as weak revenue outlook, AI spending rattle investors
Amazon joined Microsoft and Google parent Alphabet in posting slowing cloud growth in last year’s fourth quarter.
2h
Amazon Web Services says GameLift can support up to 100M concurrent users per game
Amazon Web Services (AWS) said it has benchmark tested support for up to 100 million concurrent users (CCU) for a single game.
9h
Amazon earnings recap: Stock falls as guidance falls short, CFO indicates capex of more than $100 billion in 2025
Amazon's earnings call is today at 5 pm ET. AMZN stock heads into the report up 8% YTD. Investors are focused on cloud demand ...
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