Amazon has beaten Q4 revenue Wall Street estimates by nearly $4B, reporting $149.2B in revenue.
The company's stock price, however, dropped by 4% after the report.
- Wall
Street estimated that Amazon would post $145.42B in revenue during Q4
2022, a figure that was easily beaten by the e-commerce giant.
- The Andy Jassy-led company posted $1.39 in adjusted earnings per share.
- Amazon
expects to see a growth rate of anywhere between 4% and 8% during Q1
2023 compared to the same period in 2022. This would mean that the
company earns $121B-$126B during this quarter.
- The company's
stock price dropped by 4% after the earnings report. Analysts believe
the drop is tied with the Q1 estimate, which was expected to be higher.