Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.
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Amazon shares slid almost 5% in extended trading Thursday after the company issued first-quarter guidance that came in light of estimates, overshadowing better-than-expected revenue for the fourth quarter.
- Earnings: $1.39 per share
- Revenue: $149.2 billion vs $145.42 billion, according to Refinitiv estimates
Here’s how other key Amazon segments did during the quarter:
- Amazon Web Services: $21.4 billion vs $21.87 billion, according to StreetAccount
- Advertising: $11.56 billion vs $11.38 billion, according to StreetAccount
It is not immediately clear if the reported earnings are comparable to the Refinitiv analyst estimate of 18 cents per share.
Amazon said it expects to post first-quarter revenue between $121 billion and $126 billion, representing year-over-year growth of 4% to 8%. Analysts were expecting sales to come in at $125.1 billion, according to Refinitiv.
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