Amazon issues disappointing revenue forecast, points to weakest growth on record
Publishing timestamp: 2025-02-06 17:00:01
Summary
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but gave disappointing guidance for the current period due to foreign exchange headwinds. The stock slipped more than 5% in extended trading. The company's revenue growth is expected to be only 5% to 9% in the first quarter, marking the slowest growth on record. Amazon has been cutting costs and investing heavily in AI technology to stay competitive.
Sentiment: MIXED
Tickers: NVDA, AMZN, META, MSFT, GOOG, .DXY,
Keywords: breaking news: technology, apple inc, e-commerce, cloud computing, microsoft corp, ivanka trump, meta platforms inc, nvidia corp, alphabet inc, artificial intelligence, technology, business news, breaking news: earnings, generative ai, internet, advertising, earnings, amazon.com inc, alphabet class c,
Source: https://www.cnbc.com/2025/02/06/amazon-amzn-q4-earnings-report-2024.html