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02.02.2024

Company news: Amazon's (AMZN) quarterly results beat analysts’ expectations

Amazon (AMZN) reported Q4 FY2023 earnings of $1.00 per share (versus $0.03 per share in Q4 FY2022), beating analysts’ consensus estimate of $0.80 per share.

The company’s quarterly revenues amounted to $169.961 bln (+13.9% y/y), beating analysts’ consensus estimate of $165.964 bln.

The company also issued in-line guidance for Q1 FY2024, seeing revenues of $138.0-143.5 bln versus analysts’ consensus estimate of $142.01 bln.

AMZN rose to $170.01 (+6.74%) in pre-market trading.

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