The profit per share during the fourth quarter last year landed at 1.86 dollars per share, clearly better than the expected 1.49 dollars per share in the prognosis from the analysis firm LSEG.
Amazon is also reporting a turnover of 187.79 billion dollars, which can be compared to the expected 187.30 billion dollars.
The advertising revenues of 17.3 billion dollars, on the other hand, did not meet the expectations, which were at 17.4 billion dollars.
At the same time, Amazon also provided a prognosis for the current quarter, the first of the year, which did not make the investors happy.
The Share Falls
The revenues are expected to land between 151 and 155.5 billion dollars during the period. The prognosis makers expected 158.5 billion in that column.
Moreover, the operating profit during the quarter will be between 14 and 18 billion dollars, while the market had expected 18.2 billion.
Just over an hour and a half after the announcement, the company's share had fallen approximately 4 percent in after-hours trading on the New York Stock Exchange.
But earlier this year, the share has risen almost 9 percent after a big jump of 44 percent last year, reports the news agency Bloomberg.
The Fourth-Largest Company
CEO Andy Jassy has tightened the belt and put Amazon into a long-term cost-saving program.
During 2022 and 2023, approximately 27,000 employees were laid off, as well as a smaller number last year.
Moreover, Amazon has withdrawn from some of the more experimental activities with poor profitability.
Amazon is the fourth-largest listed company in the USA after iPhone manufacturer Apple, semiconductor company Nvidia, and software company Microsoft.
Amazon's market value corresponds to approximately 27,381 billion kronor.
