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<Results>Amazon 4Q NP Up 6% Slightly Misses; Capex Expected at USD200B This Yr; Shrs Dive ~9% After Hrs
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Amazon (AMZN.US) announced that its net profit for the fourth quarter rose 6% YoY to USD21.2 billion, with an EPS of USD1.95, below the expected USD1.97. Revenue was USD213.4 billion, topping the previous estimate of USD211.3 billion. The stock's price slid nearly 9% after hours. Amazon stated that the company is ambitiously investing in data centers and other infrastructure to meet the spiking AI demand. It expects capex to keep rising this year, thus raising its full-year capex forecast to USD200 billion, way beyond the market expectation of USD146.6 billion. AASTOCKS Financial News Website: www.aastocks.com |
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