Amazon Q4 Earnings Surpass Expectations

Strong Holiday Sales Drive Profit Increase

EPS and Revenue Exceed Estimates

Amazon reported strong financial results for the quarter ending December 31, 2023, with earnings per share (EPS) of $100, a 323.33% increase year-over-year. Revenue also beat estimates, with Actual Revenue at $100, beating Consensus by $0.20.

The positive results were largely attributed to increased holiday sales, as consumers turned to Amazon for a wide range of products.

Looking ahead, Common Stock is expected to report earnings on April 30, 2024, after market. Q1 EPS estimates currently stand at $0.98, but may not be comparable with consensus. Investors and market analysts will be closely monitoring these upcoming results for further insights into Amazon's financial performance.