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.
Fusion Media or anyone involved in Fusion Media will accept no liability for loss or damage as a result of relying on information, including information, quotes, charts, and purchase / sale signals contained on this site. Please be fully informed of the risks and costs associated with trading in financial markets, as this is one of the most risky forms of investment.