For the fourth quarter of 2024, Amazon recently disclosed its financial performance, surpassing predictions with its total income and earnings per share (EPS). In both key aspects, Amazon reported impressive gains.
This week, Amazon disclosed its Q4 2024 earnings figures on their investor relations site. Regarding revenue, the company’s performance was nearly in sync with forecasts. Analysts had anticipated approximately $187 billion, and Amazon reported a slightly higher figure at $187.8 billion. However, for Earnings Per Share (EPS), the analysts’ predictions fell short. They expected roughly $1.49 per share from Amazon, but the company surpassed expectations with an EPS of $1.86 per share instead.
Amazon’s substantial ventures in web services (AWS), artificial intelligence (AI) technology, advertising, and ownership of platforms such as Twitch and Prime Video contribute to a diverse revenue stream for the company. Remaining one of the most financially successful entities globally, it also ranks among tech giants making significant investments in AI technology. Furthermore, it has made investments in constructing new power stations that will not only supply energy to local areas but also power Amazon’s AWS data centers.
Keep an eye out for what Amazon has up its sleeve next, along with more tech company earnings updates – all here on Shacknews!
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2025-02-07 00:57