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- Analysts were expecting revenue of $142.1 billion, according to Refinitiv. Amazon easily topped Wall Street's expectations for earnings, indicating that CEO Andy Jassy's efforts to rein in costs are paying off. Net income surged to $10.6 billion, or $1.00 per share, compared to $278 million, or 3 cents per share, a year earlier.
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Feb 2, 2024 · Amazon stock jumped Friday after the tech behemoth reported quarterly results ahead of expectations for both earnings and revenue. In results published late Thursday, Amazon.com (AMZN) said it...
- Slightly More Bullish
- And More Bullish Than That
- Is It Time to Buy?
We’ll start off by taking a look at the analysis of Eric Sheridan from Goldman Sachs. Amazon’s Q4 results have given him reason to be a little less careful and a little more bullish than he was pre-earnings. The analyst raised his target price to $4,200 from $4,100, which implies a 31% upside. Sheridan was pleased with Amazon's earnings report, whi...
Among the most optimistic analysts is UBS’ Lloyd Walmsley, who raised his price target to $4,625 from $4,550, implying a 40% upside. He justifies his target with strong projections for Amazon’s e-commerce and cloud businesses. The firm as a whole seems particularly bullish on Amazon. In November of last year, UBS’ Kunal Madhukar expressed confidenc...
Amazon rallied nearly 15% after disclosing its Q4 results - a welcome surprise to those who had bought the stock’s recent dip. But for long-term Amazon investors, this is a marathon, not a sprint. And macroeconomic headwinds, such as labor shortages and inflation, are still a threat to the recovery of the company’s e-commerce segment. The next few ...
Feb 1, 2024 · Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2023. Fourth Quarter 2023 Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022.
Feb 1, 2024 · Net income also saw a dramatic increase to $10.6 billion, or $1.00 per diluted share, compared to just $0.3 billion, or $0.03 per diluted share, in the fourth quarter of 2022. For the full year...
Feb 9, 2022 · Amazon has disclosed fourth-quarter financial results and smashed analysts’ expectations. Here's why.
Feb 4, 2022 · Amazon.com AMZN reported fourth-quarter 2021 earnings of $27.75 per share, which surpassed the Zacks Consensus Estimate of $3.89 per share. The bottom line significantly increased 96.9%...
Feb 1, 2024 · Q4 Earnings: Amazon’s fourth-quarter revenue increased 14% year-over-year to $170 billion, which beat the consensus estimate of $166.21 billion, according to Benzinga Pro. The company...
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related to: How did Amazon's fourth-quarter earnings compare to expectations?Customer transaction data by geography, market share, expansion opportunities. Empowering Global Markets with Unrivaled Consumer Intelligence