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Amazon issues disappointing revenue forecast, points to weakest growth on record - TL;DR CNBC

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: NVDAAMZNMETAMSFTGOOG.DXY

Keywords: breaking news: technologyapple ince-commercecloud computingmicrosoft corpivanka trumpmeta platforms incnvidia corpalphabet incartificial intelligencetechnologybusiness newsbreaking news: earningsgenerative aiinternetadvertisingearningsamazon.com incalphabet class c

Source: https://www.cnbc.com/2025/02/06/amazon-amzn-q4-earnings-report-2024.html


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