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Amazon Beats; Guidelines, Prime Growth, raise concerns about Investing.com



© Reuters.

Investing.com – Amazon.com (NASDAQ 🙂 fell into trading after working hours on Thursday as investors gained strong results in Q4, mitigating inspirational first-quarter guidance and falling revenue from subscription-based services, including a popular service prime.

Stocks fell 0.7% in postmarket.

In the fourth quarter, Amazon recorded $ 6.04 per revenue of $ 72.38 billion. Analysts surveyed by Investing.com expect EPS of $ 5.64 at $ 71.87 billion.

However, Amazon announced that sales in the first quarter amounted to $ 56 billion to $ 60 billion, down slightly below $ 61.04 billion.

In addition, in the fourth quarter, revenues from subscription services, including prime premiums and Prime Video offers, increased by 26% over the previous year, excluding the impact of foreign exchange, which is well below the recent trends.

Revenue from subscription services grew by more than 50% over the same period of the previous three years.

Gigant e-commerce envisages operating revenues of $ 2.3 to $ 3.3 billion in the first quarter, in line but at a low estimate of $ 3 billion.

Solid earnings but cautious revenue routing becomes a bit of a habit for the company. This is the third quarter in a row that revenue routing was below the consensus.

In the fourth quarter, net sales in North America, the largest market, jumped 18.3% to $ 44.12 billion.

Amazon Web Services Cloud Revenues rose 45.3% to $ 7.43 billion, which exceeded $ 7.26 billion. Competing Microsoft (NASDAQ) reported on Wednesday that its Azure Clouds revenue rose 76% in the last quarter.

Reuters contributed to this report.

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