AMZN) stock

2023 - 2 - 2

Amazon beats on fourth-quarter revenue but provides light guidance (CNBC)

Amazon beat revenue expectations for the fourth quarter, but it gave light sales guidance for the first quarter.

[missed estimates](https://www.cnbc.com/2023/02/02/amazon-aws-earnings-q4-2022.html) for the fourth quarter, reflecting a [slowdown](https://www.cnbc.com/2022/12/03/aws-faces-cost-sensitive-customers-at-reinvent-as-economic-fears-mount.html) in business spending. [Advertising revenue](https://www.cnbc.com/2023/02/02/amazons-advertising-business-grew-19percent-unlike-google-meta.html) jumped 19% from a year earlier (23% excluding changes in foreign exchange rates), [again outpacing](https://www.cnbc.com/2023/02/02/amazons-advertising-business-grew-19percent-unlike-google-meta.html) online ad companies like Google, Facebook and Snap. The company has also instituted a hiring freeze in its corporate ranks, cut some projects and paused warehouse expansion in an effort to tame rising expenses. In January, Amazon [said](https://www.cnbc.com/2023/01/18/amazon-set-to-begin-new-round-of-layoffs-affecting-over-18000-people.html) it's eliminating 18,000 jobs among its corporate workforce, after cutting a number of employees [last November](https://www.cnbc.com/2022/11/17/amazon-is-looking-to-trim-headcount-through-a-voluntary-buyout-program.html). The pandemic-fueled e-commerce boom has also fizzled out since shoppers have increasingly returned to brick and mortar retailers. The e-retailer said it expects to post first-quarter revenue between $121 billion and $126 billion, representing year-over-year growth of 4% to 8%. Amazon closed out its slowest year of growth in its quarter century as a public company. On Wednesday, Facebook parent Meta topped estimates and gave an optimistic outlook on its expenses. The stock slid after hours, erasing most its rally from the regular trading day. Analysts were expecting $125.1 billion, according to Refinitiv. The company has been contending with slowing sales as rising gas and food prices forced consumers to pull back discretionary spending. Here are the key numbers:

Why Amazon Stock Jumped 23% in January (Motley Fool)

Shares of Amazon (AMZN 7.38%) surged last month as it rode a broader recovery in tech stocks and made a number of operational announcements that seemed to ...

Analysts expect just 6% top-line growth and a steep drop in profits, which could give the company a low bar to jump over, but it also shows the challenges Amazon is facing. Amazon also announced that it would open its Buy with Prime program to any eligible sellers in the U.S. With today's gains, the stock is up roughly 40% since its bottom last December, showing a dramatic shift in sentiment toward Amazon stock. The Buy with Prime program allows online retailers on platforms outside of Amazon to add the Prime badge to listings and offer Prime members free shipping and returns. As for the company itself, there were several news items that seemed to drive the stock higher. Inflation continued to cool off, and investors anticipated that the Federal Reserve would continue to slow its interest rate hikes, which it did on Feb.

Amazon Projects Lackluster Sales on Slower Cloud Unit Growth (Bloomberg)

Amazon.com Inc. projected lackluster revenue in the current quarter, worrying investors that the company's main e-commerce business has stalled and sales ...

Amazon Web Services is losing its luster with slowing growth and shrinking profit margins after a stellar run during the pandemic. The shares fell in extended trading. [Amazon.com Inc.](/quote/AMZN:US) tempered a recent feel-good period for investors by reporting that consumer demand remains soft and sales in its lucrative cloud-computing division will continue to slow through the year.

Amazon Stock Earnings Preview: AMZN fills gap as market expects ... (FXStreet)

One day after Federal Reserve Chair Jerome Powell charged up markets by saying any future interest rate hikes would depend on economic data, an admiss.

Gold price (XAU/USD) nosedived to near $1,912.00 after a blockbuster recovery move from the US Dollar Index (DXY) on Thursday. Stocks are on the front-foot despite warnings from the ECB and BoE that we could be due another set of rate hikes. Algorand price is displaying bullish technicals that could be the start of a much larger upswing. The author makes no representations as to the accuracy, completeness, or suitability of this information. The major currency pair has turned sideways ahead of the United States Nonfarm Payrolls (NFP) data, which will release on Friday. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. Amazon stock has rallied up to the top of the demand zone that worked well as support during the May through July period of 2022. Support sits nearby at $92.50 in the case of a major miss. It also does not guarantee that this information is of a timely nature. Expect healthier margins to lead to a larger uptick in the AMZN share price afterhours. AWS makes up about 16% of Amazon revenue at last check but produces a much greater share of the company's profits.

Amazon moves lower on mixed earnings result (Seeking Alpha)

Amazon.com Inc. (AMZN) stock wavered in Thursday's extended trading as the market digested a mixed Q4 earnings report.Headlining the quarterly results was a ...

He added that his team is not looking to optimize quarterly results, but instead build the business and maintain customers for the longer term. "But the reality is that we're going to find a way to help our customers spend less money. Jassy also outlined his bullishness on strides the company is making in both grocery and international e-commerce. Shares again made a sharp move as CEO Andy Jassy joined the company's earnings call for the first time. The company anticipates net sales between $121B and $126B for the first quarter of 2023 against a $125.13B Street consensus. (AMZN)](/symbol/AMZN?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AAMZN) [RIVN](/symbol/RIVN?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ARIVN)By: [Kevin P.

No Silver Lining In Amazon's Cloud Business As Results Fail To Excite (Investor's Business Daily)

AMZN stock fell after the e-commerce giant reported fourth-quarter results late Thursday that beat on revenue but missed on earnings.

[Is Amazon Stock Overvalued?](https://www.investors.com/research/options/is-amazon-stock-overvalued-this-put-can-deliver-on-continued-weakness/) [Looking For Market Insights? Analysts expected Amazon to report earnings of 17 cents a share on revenue of $145.7 billion. The company expects first-quarter revenue in the range of $121 billion to $126 billion, or to grow between 4% and 8%. But Amazon gave an outlook that fell short of expectations. In January, Amazon confirmed it's laying off 18,000 workers, the largest cutback in its 28-year history. AMZN stock dropped in late trading.

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast ... (Barron's)

Revenue at the company's closely watched Amazon Web Services unit were a little shy of expectations.

](https://www.barrons.com/market-data/stocks/rivn) ](https://www.barrons.com/market-data/stocks/amzn) [