AMZN Earnings: Amazon Beats Wall Street Forecasts but Issues Weak Guidance - TipRanks.com

Category: Finance

Amazon's stock fell 2% despite better-than-expected Q4 2024 earnings, with EPS at $1.86 and revenue at $187.79 billion. However, the company issued disappointing guidance for Q1 2025, expecting sales between $151 billion and $155.5 billion, below Wall Street's forecast. The weak outlook is attributed to unfavorable foreign exchange impacts. Amazon's capital expenditures rose significantly, reflecting investments in AI and infrastructure. The stock maintains a Strong Buy rating among analysts.

Keywords: Amazon, stock market, financial results

Source: TipRanks

Update At: 2/7/2025

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