From Nasdaq:

Amazon’s shares soared following a strong fourth-quarter earnings report. As of 10:18 a.m. ET, stock had surged 6.8%. The figures were impressive, with revenue up 14% to $170 billion, North American sales rising 13% to $105.5 billion, and operating income jumping from $2.7 billion to $13.2 billion.

CEO Andy Jassy noted improved delivery speed and cost reductions as signs of progress. Amazon expects an 8%-13% increase in net sales, from $138 billion-$143.5 billion, and an even more significant increase in operating income, with projections of $8 billion-$12 billion compared to $4.8 billion in 2023.

Despite the stock’s recent rise, the Motley Fool may not see Amazon as the best investment. The company’s analyst team recently identified the 10 best stocks for investors to buy, and Amazon wasn’t one of them, while the Stock Advisor service has returned over three times the S&P 500 since 2002.



Read more: Why Amazon Stock Was Surging Today