From CNBC: 2025-02-06 12:00:01

Amazon is set to report fourth-quarter earnings after market close, with analysts expecting $1.49 per share and $187.3 billion in revenue. Wall Street is watching numbers like Amazon Web Services at $28.8 billion. Online spending jumped nearly 9% during the holiday shopping season, totaling $241.1 billion.

Operating income for the fourth quarter is projected to grow 44% to roughly $19 billion, thanks to CEO Andy Jassy’s cost-cutting campaign. Amazon has laid off thousands of employees, shut down unprofitable initiatives, and has a strong focus on third-party sellers. The company faces potential impacts from Trump’s tariffs on Chinese imports.

Amazon launched its competitor to Temu and Shein called Haul during the fourth quarter. The company has been investing heavily in artificial intelligence, with plans to spend about $75 billion on capex in 2024. Amazon recently released new AI models like Nova and Bedrock, and is expected to update its Alexa digital assistant with AI features soon.



Read more at CNBC:: Amazon (AMZN) Q4 earnings report 2024