Key Takeaways
- Amazon reported fourth-quarter earnings that topped analysts’ estimates.
- However, its revenue outlook for the first quarter missed projections.
- Amazon said the forecast reflects “an unusually large, unfavorable impact” from foreign exchange rates.
Amazon (AMZN) reported fourth-quarter earnings that topped analysts’ estimates, though its outlook underwhelmed.
The e-commerce and cloud services giant saw net sales rise 10% year-over-year to $187.8 billion, surpassing the analyst consensus from Visible Alpha. Earnings came in at $20 billion, or $1.86 per share, up from $10.62 billion, or $1 per share, a year earlier, also above expectations. Amazon Web Services revenue increased 19% to $28.79 billion, just shy of projections.
Looking ahead, Amazon forecast first-quarter revenue of between $151 billion and $155.5 billion, below the analyst consensus of $158.58 billion.
Amazon said the outlook reflects “an unusually large, unfavorable impact” from foreign exchange rates, to the tune of $2.1 billion.
Shares of Amazon fell over 5% in extended trading following the release. The stock had gained about 40% over the past 12 months through Thursday’s close.
UPDATE—Feb. 6, 2025: This article has been updated since it was first published to include additional information and reflect more recent share prices.
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