Amazon has beaten Q4 revenue Wall Street estimates by nearly $4B, reporting $149.2B in revenue.

 

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.

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