Amazon on Thursday reported better expected income and profit for the holiday purchase period, but due to disappointing guidance in the current quarter, his stock declined after his stock.
Seattle -based e -commerce and technology company said its income for the period of October to December was $ 187.8 billion, which is 10 % jump in 2023 compared to the same period. Profit reached $ 20 billion, while revenue per share exceeded $ 1.86, with more revenue surveys expected by surveyors by 49 1.49.
But the company said it is expected that income for the current quarter will be between $ 151 billion and 155.5 billion, which analysts are expected to be less than $ 158.56 billion. The company said the guidance expects a “extraordinary, unpleasant effect” from foreign exchange rates.
Amazon is the largest online purchase destination in the United States and has long been taking advantage of consumer costs during the holidays. As has happened in recent years, the company offered promotions to attract early holiday buyers in October. It promoted other little little ones, including big sales days like Black Friday and cyber toe.
Amazon reported Thursday that it saw $ 75.5 billion in income for its online shopping business, which is 7 % higher in 2023.
In the retail industry, Holiday sales in November and December were better than expected According to the National retail federation, less inflation was forced to buy on holiday goods than last year. Adobe Analytics reported in January, with record sales level in online purchases.
Sale for Amazon Web Services, the company’s prominent cloud computing unit, increased by 19 % during the fourth quarter. But it fell slightly than analysts’ expectations.
Amazon Generative is one of the biggest players in the competitive tech race around artificial intelligence. Like other tech companies, it has also increased investment in this technology and is spending billions to increase AI and cloud computing data centers.
The company’s quarterly report has also surfaced as the retail industry is absorbing 10 % tariff President Donald Trump on Tuesday. Revenue on Canada and Mexico has been stopped for almost a month.
