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<US Co. Results> Amazon 4Q Rev. Beats with Weak 1Q23 Earnings Forecast, Shr Price Down over 4%
Amazon.com, Inc. (AMZN.US) reported better-than-expected sales growth in the fourth quarter, but lower-than-expected profit. EPS in the fourth quarter were US$1.39 on revenue of US$149.2 billion, higher than the expected US$145.42 billion.
Amazon projected its first-quarter revenue to reach approximately US$121-$126 billion, implying first-quarter growth of 4-8%, well below the consensus of US$125.1 billion.
The stock was down 4.44%, or US$5.01, at US$107.9 in the extended earnings session following the results.
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