GMBStaff

 2 Feb 24

tl;dr

Amazon (AMZN) reported strong operating income for the holiday quarter, exceeding expectations and setting robust guidance for Q1, resulting in a 2.79% gain in after-hours trading. The company's total FQ4 revenue in North America increased by 13% to $105.5B, while international revenue rose by 17% t...

Amazon (AMZN) reported strong operating income for the holiday quarter, exceeding expectations and setting robust guidance for Q1, resulting in a 2.79% gain in after-hours trading. The company's total FQ4 revenue in North America increased by 13% to $105.5B, while international revenue rose by 17% to $40.2B, surpassing consensus estimates. Additionally, AWS revenue came in at $24.20B, slightly above expectations, marking a 13.2% increase from a year ago. Operating income reached $13.2B, well above the consensus mark of $10.49B, with a notable operating margin of 7.8% of sales. CEO Andy Jassy expressed satisfaction with the company's revenue, operating income, and free cash flow progress, highlighting continued customer experience improvements and regionalization of the fulfillment network as key drivers. Looking ahead, Amazon anticipates Q1 revenue of $138.0B to $143.5B and operating income of $8.0B to $12.0B, with the potential to sustain its positive momentum from the prior quarter. The conference call to discuss these results will be held at 5:30 p.m.

More about Amazon.com Inc

Amazon.com Inc is a leading multinational technology company with a strong focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. As one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook, it is considered one of the most influential economic and cultural forces in the world. With a market capitalization of $1.60 trillion and a stock price of $183.67, Amazon has shown robust growth and stability. The company's stock performance has been bullish, with a strong upward trend and minimal volatility. However, the Relative Strength Index (RSI) indicates that the stock may be overbought, suggesting a potential correction. The company's financial metrics, including a Price/Earnings ratio of 81.26 and a Price/Sales ratio of 1.91, reflect a premium valuation. While Amazon's long-term prospects remain positive, there are potential risks associated with its high valuation and market sentiment. Investors should remain cautious and closely monitor the stock's performance.

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 12 Nov 24
 12 Nov 24
 12 Nov 24