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Amazon Reports Strong Sales, but Cloud Growth Falls Short
The financial results of Amazon recently became the main point of attention for market analysts and investors. The fourth quarter of 2024 delivered $187.8 billion in net sales for Amazon while the company achieved $20 billion in net income which translated to $1.86 per diluted share. These figures surpassed analyst expectations.
Amazon Web Services (AWS) discovered a minor revenue deficiency reporting $28.79 billion in the fourth quarter while Wall Street had projected $28.84 billion. The insufficient revenue emerged as a concern for the large-scale artificial intelligence infrastructure investments made by Amazon.
Amazon released its upcoming quarter revenue projection at $151 billion to $155.5 billion while analysts predicted $158.56 billion in revenue. The company attributes this conservative outlook to unfavorable foreign exchange rates.
Amazon reported fourth-quarter total sales which grew 10% to $187.8 billion because of successful holiday shopping performance. The company experienced a remarkable growth in net income which rose to $20 billion during this quarter compared to last year.
Amazon stock maintains a value of $238.83 per share at February 7, 2025, demonstrating a small 0.01092% rise above previous market closing levels.
Judgmental investors track Amazon’s success across cloud computing business and artificial intelligence developments since both domains hold critical importance for its forthcoming expansion.
Stay tuned for further updates
