Amazon.com, Inc. AMZN shares are trading lower by 4.40% to $107.94 Friday morning after the company reported worse-than-expected fourth-quarter EPS and issued first-quarter revenue guidance with a midpoint below estimates.
What Happened?
Amazon reported fourth-quarter net sales of $149.2 billion, up 9% year-over-year. The total came in ahead of a Street estimate of $145.45 billion.
The company reported fourth-quarter earnings per share of 3 cents, which came in shy of a Street estimate of 17 cents.
Sales in North America were $93.4 billion, up 13% year-over-year. International segment sales were $34.5 billion in the fourth quarter, down 8% year-over-year. The company’s AWS business had sales of $21.4 billion in the fourth quarter, up 20% year-over-year...Read More
According to data from Benzinga Pro, AMZN has a 52-week high of $170.83 and a 52-week low of $81.43.
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