Amazon Q4 Earnings: Revenue Beat, EPS Beat, 'Record-Breaking' Holiday Shopping Season And More
Portfolio Pulse from Adam Eckert
Amazon.com Inc (NASDAQ:AMZN) reported Q4 financial results, surpassing analyst estimates with a 14% year-over-year revenue increase to $170 billion and earnings of $1 per share. AWS sales rose 13% to $24.2 billion, with significant growth in North American and international sales. The company experienced a record-breaking holiday shopping season, leading to an 82% increase in operating cash flow and a significant improvement in free cash flow. Amazon introduced a new AI feature, Rufus, and provided a positive outlook for Q1 revenue and operating income.
February 01, 2024 | 9:18 pm
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Amazon reported a strong Q4 with revenue and EPS beats, significant AWS growth, and a record holiday season. Introduced AI shopping feature Rufus and provided an optimistic Q1 outlook.
Amazon's Q4 earnings report exceeded analyst expectations on both revenue and EPS, indicating strong financial health and operational efficiency. The introduction of the AI feature Rufus and a positive outlook for Q1 revenue and operating income further bolster investor confidence in the company's growth trajectory and innovation capabilities. These factors are likely to have a positive short-term impact on AMZN's stock price.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100