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Amazon Q4 results top estimates as e-commerce shines, cloud growth meets forecasts

Investing.com -- Amazon reported Thursday better-than-expected fourth-quarter results as cloud growth met expectations and e-commerce benefited from a strong holiday shopping season. 

Amazon.com Inc (NASDAQ:AMZN) rose more than 5% in afterhours trading following the report.

Amazon reported Q4 EPS of $1.00 on revenue of $170.0 billion, beating estimates of $0.80 on revenue of $165.95B.

"This Q4 was a record-breaking Holiday shopping season and closed out a robust 2023 for Amazon,” the company said, with sales in North America rising to $105.5B in the quarter from $93.36B a year earlier.

Amazon web services, its margin- heavy cloud revenue segment, which drives the bulk of operating profit grew 13%, to $24.2B, in-line with analyst estimates of 13%.

For the Q1, the company expects revenue of $138B to $143.5B, in-line with Wall Street estimates of $142.01B. Operating income for Q1 was guided in a range of $8.0B to $12.0B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.