Yahoo Finance
Amazon Stock Jumps 10% on Strong Earnings Report
Record-breaking quarter driven by cloud computing and advertising revenue
Shares of Amazon (AMZN) surged 10% in after-hours trading on Thursday after the company reported strong earnings results for the fourth quarter.
The e-commerce giant reported earnings per share of $14.09, well above analysts' expectations of $13.51. Revenue also topped estimates, coming in at $137.4 billion compared to the $135.3 billion consensus estimate.
Amazon's cloud computing division, Amazon Web Services (AWS), continued to be a major driver of growth. AWS revenue grew 33% to $21.4 billion, accounting for more than half of Amazon's operating profit. The company's advertising business also performed well, with revenue increasing 31% to $11.6 billion.
The strong earnings report is a sign that Amazon is still firing on all cylinders despite the challenging economic environment. The company's dominance in e-commerce, cloud computing, and advertising gives it a unique advantage in the digital economy.
Conclusion
Amazon's stock surge is a testament to the company's continued strength and growth potential. With its diversified business model and strong leadership team, Amazon is well-positioned to continue to innovate and disrupt industries in the years to come.
Stock Data Solutions Com
Komentar