Amazon issues disappointing revenue forecast, points to weakest growth on record

Category: Business

Amazon reported better-than-expected fourth-quarter earnings and revenue but provided disappointing guidance for the current period, leading to a 5% drop in stock price. Key figures included earnings per share of $1.86 and revenue of $187.79 billion. The company anticipates slower revenue growth of 5% to 9% in the first quarter, the slowest on record. Amazon's capital expenditures are set to increase significantly as it invests in AI and cloud services amid rising competition.

Keywords: Amazon, Earnings Report, Cloud Services

Source: CNBC

Update At: 2/7/2025

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